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April 23, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Humble, Business Loans > Sterling Bank Humble Business Loans > Lawn Doctor Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Haslet, TX Entrepreneur Gets SBA Loan to Buy Lawn Doctor FranchiseBorrowing money to invest in a Lawn Doctor franchise? Sterling Bank has a history of making these loans and they are guaranteed by the SBA. Lawn Doctor franchise loans are available to Haslet, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Sterling Bank, based in Humble, Texas, issued an SBA franchise loan for a Lawn Doctor franchise in 2005. We've got all the details on this Texas small business loan. SBA Loan Borrower LAWN DOCTOR SBA Loan Lender STERLING BANK This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 561730 - Landscaping Services Loan Approval Date 12/30/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Lawn Doctor franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 5 new jobs. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Getting a Business Loan in Texas
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