How to Get a Loan for Landscaping Services

Looking for business loans for landscaping services? The SBA may be the answer. This $48,950 landscaping services loan was issued by a Minnesota bank.

This small business knew how to go about getting a business bank loan. Based in Minneapolis, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was American Bank Of St. Paul, based in Saint Paul, Minnesota.

SBA Loan Borrower

COMPANY TYPE: LAWN AND GARDEN SERVICES
MINNEAPOLIS, MN 55406

SBA Loan Lender

AMERICAN BANK OF ST. PAUL
401 N ROBERT ST, STE 215
SAINT PAUL, MN 55101

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

3/13/2002

Loan Approval Gross Amount

$48,950

Loan Approval from the SBA

Of the total $48,950 loan amount, the SBA guaranteed $41,607.

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 5 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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 Small Business Loan

Best Banks in Saint Paul, Minnesota

SBA Participating Banks in Minnesota