SBA Loans for Sawmills

Looking for SBA loans for sawmills? Try the SBA. This $600,000 sawmills loan was issued by an Alabama bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with West Alabama Bank & Trust, out of Reform, Alabama. The loan was granted and they received $600,000 to help grow their Butler, Alabama business.

SBA Loan Borrower

COMPANY TYPE: SAWMILLS
BUTLER, AL 36904

SBA Loan Lender

WEST ALABAMA BANK & TRUST
509 1ST AVE WEST
REFORM, AL 35481

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

321113 - Sawmills

Loan Approval Date

7/20/2006

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $540,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 54 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 51 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We've showcased information on this loan to let you know that businesses like yours 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.

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Find an SBA Lender in Reform, Alabama

Getting an SBA Loan in Alabama