Bank Loans for Landscaping Services

With these bank loans for landscaping services, the SBA guarantees the lender that the loan will be repaid. This landscaping services loan for $40,800 was given to a Mississippi entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Terry, Mississippi was able to borrow $40,800 from Trustmark National Bank. The SBA made the loan possible by guaranteeing $20,400 of this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
TERRY, MS 39170

SBA Loan Lender

TRUSTMARK NATIONAL BANK
248 E CAPITOL ST
JACKSON, MS 39201

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

5/20/2003

Loan Approval Gross Amount

$40,800

Loan Approval from the SBA

Of the total $40,800 loan amount, the SBA guaranteed $20,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The loan application 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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Trustmark National Bank and they will explain how you can get an SBA loan for your company.

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:

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Getting an SBA Loan in Mississippi