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May 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Davenport, Business Loans > Great River Bank & Trust Davenport Business Loans > Landscaping Services Loan | ||||
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What Does It Take to Get a Business Loan in Davenport, Iowa?
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Landscaping Services Commercial LoansLooking for commercial loans for landscaping services? Try the SBA. This $500,000 landscaping services loan was issued by an Iowa bank. This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Great River Bank & Trust, out of Davenport, Iowa. The loan was granted and they received $500,000 to help grow their Davenport, Iowa business. SBA Loan Borrower COMPANY TYPE: LANDSCAPING SERVICES SBA Loan Lender GREAT RIVER BANK & TRUST This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561730 - Landscaping Services Loan Approval Date 3/3/2005 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the company promised to use the money to hire new 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. This SBA loan was for $500,000. How would you spend $500,000 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: SBA 7A Banks in Davenport, Iowa
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