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May 19, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Boone, Business Loans > Yadkin Valley Bank & Trust Boone Business Loans > Landscape Counseling And Planning Loan | ||||
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Requirements for Small Businesses On Getting a Loan
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Landscape Architectural Services Bank LoansLooking for bank loans for landscape architectural services? The SBA may be the answer. This $111,500 landscape architectural services loan was issued by a North Carolina bank. This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Yadkin Valley Bank & Trust, out of Boone, North Carolina. The loan was granted and they received $111,500 to help grow their Vilas, North Carolina business. SBA Loan Borrower COMPANY TYPE: LANDSCAPE COUNSELING AND PLANNING SBA Loan Lender YADKIN VALLEY BANK & TRUST This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves 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 0781 - Landscape Counseling and Planning NAICS Code 541320 - Landscape Architectural Services Loan Approval Date 10/9/2002 Loan Approval Gross Amount $111,500 Loan Approval from the SBA Of the total $111,500 loan amount, the SBA guaranteed $94,775. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks in Boone, North Carolina
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