Loan to Buy Lawn Doctor Franchise Issued By Renasant Bank

Need a loan to invest in a Lawn Doctor franchise? Renasant Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Olive Branch, Mississippi needed money to invest in a Lawn Doctor franchise back in 2001. Renasant Bank issued an SBA franchise loan. Here are the details on this Mississippi small business loan.

SBA Loan Borrower

LAWN DOCTOR
OLIVE BRANCH, MS 38654

SBA Loan Lender

RENASANT BANK
7500 AIRWAYS BLVD
SOUTHAVEN, MS 38671

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

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

4/25/2001

Loan Approval Gross Amount

$43,000

Loan Approval from the SBA

Of the total $43,000 loan amount, the SBA guaranteed $36,550.

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 SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to borrow money from friends and family, 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.

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