SBA Loans for Sawmill and Woodworking Machinery Manufacturing

With these SBA loans for sawmill and woodworking machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This sawmill and woodworking machinery manufacturing loan for $75,000 was given to a New York entrepreneur in 2001.

This business knew how to go about getting a business bank loan. Based in Fillmore, New York, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Five Star Bank, based in Cuba, New York.

SBA Loan Borrower

COMPANY TYPE: WOODWORKING MACHINERY
FILLMORE, NY 14735

SBA Loan Lender

FIVE STAR BANK
27 WATER ST
CUBA, NY 14727

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3553 - Woodworking Machinery

NAICS Code

333210 - Sawmill and Woodworking Machinery Manufacturing

Loan Approval Date

7/30/2001

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Fillmore NY, you ought to talk with a local Fillmore SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fillmore businesses.

This SBA loan was for $75,000. How would you spend $75,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

SBIR Funding

Small Bank Loans in Cuba, New York

New York SBA 7A Lenders