Landscaping Services Loans

With these loans for landscaping services, the SBA guarantees the lender that the loan will be repaid. This landscaping services loan for $232,000 was given to a California entrepreneur in 2006.

This small firm knew how to go about getting a business bank loan. Based in North Highlands, California, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Comerica Bank, based in El Segundo, California.

SBA Loan Borrower

COMPANY TYPE: LAWN AND GARDEN SERVICES
NORTH HIGHLANDS, CA 95660

SBA Loan Lender

COMERICA BANK
2321 ROSECRANS AVE, STE 1225
EL SEGUNDO, CA 90245

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

10/30/2006

Loan Approval Gross Amount

$232,000

Loan Approval from the SBA

Of the total $232,000 loan amount, the SBA guaranteed $174,000.

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 14 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 $232,000 loan. Remember, where there is a will, there is a way!

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:

Obtaining Funding - How to Decide How Much to Raise

SBA Banks in El Segundo, California

SBA Participating Banks in California