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April 23, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Lake City, Business Loans > First Fed. Savings Bank - Florid Lake City Business Loans > Lawn And Garden Services Loan | ||||
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How to Get SBA Loans in Live Oak, Florida
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Getting an SBA Loan for Landscaping ServicesLooking for commercial loans for landscaping services? Talk to a banker who works with the SBA. This $120,000 landscaping services loan was issued by a Florida bank. This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First Fed. Savings Bank - Florid, out of Lake City, Florida. The loan was granted and they received $120,000 to help grow their Live Oak, Florida business. SBA Loan Borrower COMPANY TYPE: LAWN AND GARDEN SERVICES SBA Loan Lender FIRST FED. SAVINGS BANK - FLORID This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. 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 1/15/2002 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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: Small Bank Loans in Lake City, Florida
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