Raising Money for Wood Container and Pallet Manufacturing

With these business loans for wood container and pallet manufacturing, the SBA guarantees the lender that the loan will be repaid. This wood container and pallet manufacturing loan for $127,800 was given to a Texas entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ballinger, Texas was able to borrow $127,800 from 1st National Bank - Ballinger. The SBA made the loan possible by guaranteeing $108,630 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: WOOD CONTAINER AND PALLET MANUFACTURING
BALLINGER, TX 76821

SBA Loan Lender

1ST NATIONAL BANK - BALLINGER
911 HUTCHINGS AVE
BALLINGER, TX 76821

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.

NAICS Code

321920 - Wood Container and Pallet Manufacturing

Loan Approval Date

9/23/2004

Loan Approval Gross Amount

$127,800

Loan Approval from the SBA

Of the total $127,800 loan amount, the SBA guaranteed $108,630.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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