Where to Get Capital for Timber Tract Operations
Looking for small business loans for timber tract operations? An SBA loan may be just what you've been looking for. This $407,500 timber tract operations loan was issued by a Washington bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Darrington, Washington was able to borrow $407,500 from First Heritage Bank. The SBA made the loan possible by guaranteeing $305,625 of this Washington small business loan.
SBA Loan Borrower
COMPANY TYPE: TIMBER TRACT OPERATIONS
DARRINGTON, WA 98241
SBA Loan Lender
FIRST HERITAGE BANK
167 LINCOLN ST
SNOHOMISH, WA 98290
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
113110 - Timber Tract Operations
Loan Approval Date
1/14/2005
Loan Approval Gross Amount
$407,500
Loan Approval from the SBA
Of the total $407,500 loan amount, the SBA guaranteed $305,625.
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. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.
Getting an SBA Loan For Your Business
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
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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SBA 7A Banks in Snohomish, Washington
SBA Lenders in Washington