Bank Loans for Sawmills

With these bank loans for sawmills, the SBA guarantees the lender that the loan will be repaid. This sawmills loan for $13,000 was given to a New Hampshire entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bartlett, New Hampshire was able to borrow $13,000 from Northway Bank. The SBA made the loan possible by guaranteeing $11,050 of this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: SAWMILLS AND PLANING MILLS, GENERAL
BARTLETT, NH 03812

SBA Loan Lender

NORTHWAY BANK
3278 WHITE MTN HWY, RTE 16
NORTH CONWAY, NH 02130

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2421 - Sawmills and Planing Mills, General

NAICS Code

321113 - Sawmills

Loan Approval Date

4/2/2001

Loan Approval Gross Amount

$13,000

Loan Approval from the SBA

Of the total $13,000 loan amount, the SBA guaranteed $11,050.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Northway Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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