Business Loans for Logging

Looking for business loans for logging? Talk to a banker who works with the SBA. This $35,000 logging loan was issued by an Ohio bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Comm. & Savings Bank - Millersb, out of Millersburg, Ohio. The loan was granted and they received $35,000 to help grow their Baltic, Ohio business.

SBA Loan Borrower

COMPANY TYPE: LOGGING
BALTIC, OH 43804

SBA Loan Lender

COMM. & SAVINGS BANK - MILLERSB
91 N CLAY ST
MILLERSBURG, OH 44654

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

113310 - Logging

Loan Approval Date

5/3/2006

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Comm. & Savings Bank - Millersb and they will explain how you can get an SBA loan for your company.

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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