Landscaping Services Business Loans

With these business loans for landscaping services, the SBA guarantees the lender that the loan will be repaid. This landscaping services loan for $450,000 was given to an Oklahoma entrepreneur in 2004.

This small business knew how to go about getting a business bank loan. Based in Tipton, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was 1st National Bank In Altus, based in Altus, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: LAWN AND GARDEN SERVICES
TIPTON, OK 73570

SBA Loan Lender

1ST NATIONAL BANK IN ALTUS
110 E BROADWAY
ALTUS, OK 73521

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

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

2/4/2004

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 only one employee. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $450,000. How would you spend $450,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Equity Financing

SBA 7A Banks for Altus, Oklahoma Loans

Getting an SBA Loan in Oklahoma