Where to Get Capital for Hardwood Veneer and Plywood Manufacturing

With these SBA loans for hardwood veneer and plywood manufacturing, the SBA guarantees the lender that the loan will be repaid. This hardwood veneer and plywood manufacturing loan for $476,300 was given to an Alabama entrepreneur in 2003.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Ameris Bank, out of Eufaula, Alabama. The loan was granted and they received $476,300 to help grow their Eufaula, Alabama business.

SBA Loan Borrower

COMPANY TYPE: HARDWOOD VENEER AND PLYWOOD
EUFAULA, AL 36027

SBA Loan Lender

AMERIS BANK
1140 S EUFAULA AVE
EUFAULA, AL 36072

This lender issued this SBA small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2435 - Hardwood Veneer and Plywood

NAICS Code

321211 - Hardwood Veneer and Plywood Manufacturing

Loan Approval Date

6/20/2003

Loan Approval Gross Amount

$476,300

Loan Approval from the SBA

Of the total $476,300 loan amount, the SBA guaranteed $357,225.

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. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

While you may be able to find other ways to get money to start a business, 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.

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