Logging Commercial Loans

Looking for commercial loans for logging? Talk to a banker who works with the SBA. This $650,000 logging loan was issued by a Massachusetts bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Td Banknorth, out of Springfield, Massachusetts. The loan was granted and they received $650,000 to help grow their Chesterfield, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: LOGGING
CHESTERFIELD, MA 01012

SBA Loan Lender

TD BANKNORTH
1441 MAIN ST
SPRINGFIELD, MA 01103

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2411 - Logging

NAICS Code

113310 - Logging

Loan Approval Date

4/12/2000

Loan Approval Gross Amount

$650,000

Loan Approval from the SBA

Of the total $650,000 loan amount, the SBA guaranteed $250,250.

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 20 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to borrow money from friends and family, 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:

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Find an SBA Lender in Springfield, Massachusetts

SBA Participating Banks in Massachusetts