Get an SBA Loan for Hardwood Veneer and Plywood Manufacturing

Looking for bank loans for hardwood veneer and plywood manufacturing? Try the SBA. This $1,213,239 hardwood veneer and plywood manufacturing loan was issued by a Minnesota bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Prinsbank, out of Prinsburg, Minnesota. The loan was granted and they received $1,213,239 to help grow their Adams, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: LUMBER AND OTHER BUILDING MATERIALS DEALER
ADAMS, WI 53910

SBA Loan Lender

PRINSBANK
508 3RD ST
PRINSBURG, MN 56281

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5211 - Lumber and Other Building Materials Dealer

NAICS Code

321211 - Hardwood Veneer and Plywood Manufacturing

Loan Approval Date

9/13/2004

Loan Approval Gross Amount

$1,213,239

Loan Approval from the SBA

Of the total $1,213,239 loan amount, the SBA guaranteed $909,929.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 21 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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:

SBIR Funding

SBA Participating Banks in Prinsburg, Minnesota

SBA Participating Banks in Minnesota