Loan Census Banking News and Information
May 9, 2024  
 
 
  Business Loan Information  
 

Advice for Businesses On Getting a Loan

 

 
Loan Census SBA Loan Info

Financing for Landscaping Services

Looking for loans for landscaping services? An SBA loan may be just what you've been looking for. This $17,800 landscaping services loan was issued by a Rhode Island bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Glastonbury, Connecticut was able to borrow $17,800 from Bank Of America. The SBA made the loan possible by guaranteeing $8,900 of this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: ORNAMENTAL SHRUB AND TREE SERVICES
GLASTONBURY, CT 06033

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

0783 - Ornamental Shrub and Tree Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

9/28/2000

Loan Approval Gross Amount

$17,800

Loan Approval from the SBA

Of the total $17,800 loan amount, the SBA guaranteed $8,900.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $17,800 loan. Remember, anyone can do it... so why not you?

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:

Investor Turnoffs

Best Banks in Providence, Rhode Island

Rhode Island SBA Bank Lenders