Financing for Wood Container and Pallet Manufacturing

Looking for loans for wood container and pallet manufacturing? Try the SBA. This $228,000 wood container and pallet manufacturing loan was issued by an Arkansas bank.

This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Merchants & Farmers Bank, out of Dumas, Arkansas. The loan was granted and they received $228,000 to help grow their Dumas, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: WOOD CONTAINER AND PALLET MANUFACTURING
DUMAS, AR 71639

SBA Loan Lender

MERCHANTS & FARMERS BANK
500 HWY 65 SOUTH
DUMAS, AR 71639

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide 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.

NAICS Code

321920 - Wood Container and Pallet Manufacturing

Loan Approval Date

7/24/2001

Loan Approval Gross Amount

$228,000

Loan Approval from the SBA

Of the total $228,000 loan amount, the SBA guaranteed $171,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are raising money in Dumas AR, you ought to talk with a local Dumas SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dumas businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Getting a Small Business Loan

Best Banks in Dumas, Arkansas

SBA Participating Banks in Arkansas