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May 14, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Ruston, Business Loans > Community Trust Bank Ruston Business Loans > Lawn And Garden Services Loan | ||||
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Louisiana Small Business Funding
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Landscaping Services LoansWith these loans for landscaping services, the SBA guarantees the lender that the loan will be repaid. This landscaping services loan for $30,000 was given to a Louisiana entrepreneur in 2000. This company knew how to go about getting a business bank loan. Based in Ruston, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Community Trust Bank, based in Ruston, Louisiana. SBA Loan Borrower COMPANY TYPE: LAWN AND GARDEN SERVICES SBA Loan Lender COMMUNITY TRUST BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. 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 8/28/2000 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $24,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Ruston or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA 7A Lenders in Ruston, Louisiana SBA Participating Banks in Louisiana
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