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May 1, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Dallas, Business Loans > Fdic/net First National Bank Dallas Business Loans > Lawn And Garden Services Loan | ||||
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Raising Money in Davie, Florida With SBA Loans
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Landscaping Services SBA LoansWith these SBA loans for landscaping services, the SBA guarantees the lender that the loan will be repaid. This landscaping services loan for $995,000 was given to a Florida entrepreneur in 2000. This business knew how to go about getting a business bank loan. Based in Davie, Florida, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Fdic/net First National Bank, based in Dallas, Texas. SBA Loan Borrower COMPANY TYPE: LAWN AND GARDEN SERVICES SBA Loan Lender FDIC/NET FIRST NATIONAL BANK This bank 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. SIC Code 0782 - Lawn and Garden Services NAICS Code 561730 - Landscaping Services Loan Approval Date 6/27/2000 Loan Approval Gross Amount $995,000 Loan Approval from the SBA Of the total $995,000 loan amount, the SBA guaranteed $746,250. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 18 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. While you may be able to find business people willing to loan money, 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: Realistic Debt Financing Options Where to Get an SBA Loan Texas
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