Missouri Entrepreneur Secures Financing to Buy Scott's Lawnservice Franchise

Need a loan to purchase a Scott's Lawnservice franchise? Great Southern Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Scott's Lawnservice franchise shouldn't be too tough. In 2004, Great Southern Bank issued an SBA franchise loan to an entrepreneur in Springfield, Missouri. Because Scott's Lawnservice was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

SCOTTS LAWN SERVICE
SPRINGFIELD, MO 65814

SBA Loan Lender

GREAT SOUTHERN BANK
14309 HWY 13
REEDS SPRING, MO 65737

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0782 - Lawn and Garden Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

1/16/2004

Loan Approval Gross Amount

$78,400

Loan Approval from the SBA

Of the total $78,400 loan amount, the SBA guaranteed $66,640.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Scott's Lawnservice franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Great Southern Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

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