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May 17, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Goessel, Business Loans > The Citizens State Bank Goessel Business Loans > Ornamental Shrub And Tree Services Loan | ||||
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Small Business Banks for Salina Business Owners
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Borrowing Money for Landscaping ServicesWith these loans for landscaping services, the SBA guarantees the lender that the loan will be repaid. This landscaping services loan for $150,000 was given to a Kansas entrepreneur in 2000. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Salina, Kansas was able to borrow $150,000 from The Citizens State Bank. The SBA made the loan possible by guaranteeing $112,500 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: ORNAMENTAL SHRUB AND TREE SERVICES SBA Loan Lender THE CITIZENS STATE BANK This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0783 - Ornamental Shrub and Tree Services NAICS Code 561730 - Landscaping Services Loan Approval Date 2/7/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from The Citizens State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Find an SBA Lender in Goessel, Kansas
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