SBA Loans for Wood Product Manufacturing
Looking for SBA loans for wood product manufacturing? Talk to a banker who works with the SBA. This $800,000 wood product manufacturing loan was issued by an Iowa bank.
Getting a small business loan in Elgin, Iowa was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Community St. Bank, operating out of Ankeny, Iowa. Here are the details on this Iowa small business loan.
SBA Loan Borrower
COMPANY TYPE: WOOD PRODUCT MANUFACTURING
ELGIN, IA 52141
SBA Loan Lender
COMMUNITY ST. BANK
817 N ANKENY BLVD
ANKENY, IA 50023
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
321999 - Wood Product Manufacturing
Loan Approval Date
12/22/2003
Loan Approval Gross Amount
$800,000
Loan Approval from the SBA
Of the total $800,000 loan amount, the SBA guaranteed $600,000.
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 36 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Many small businesses receive loans backed by the U.S. Small Business Administration.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Understanding Dilution
SBA Banks in Ankeny, Iowa
Iowa SBA 7A Lenders