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April 26, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Greenwood, Business Loans > Farmers Bank Greenwood Business Loans > Lawn Doctor Loan | ||||
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Fort Smith, Arkansas Bank for SBA Loans
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Fort Smith, AR Entrepreneur Gets SBA Loan to Buy Lawn Doctor FranchiseBorrowing money to invest in a Lawn Doctor franchise? Farmers Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Lawn Doctor franchise? If so, here's a 2001 SBA franchise loan that you should know about. Farmers Bank was the lender and the entrepreneur was based in Fort Smith, Arkansas. SBA Loan Borrower LAWN DOCTOR SBA Loan Lender FARMERS BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561730 - Landscaping Services Loan Approval Date 1/5/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Lawn Doctor franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Farmers Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Participating Banks in Arkansas
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