Wood Product Manufacturing Business Loans

Looking for business loans for wood product manufacturing? Try the SBA. This $51,250 wood product manufacturing loan was issued by an Illinois bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Farmers St. Bank - Alto Pass, out of Harrisburg, Illinois. The loan was granted and they received $51,250 to help grow their Golconda, Illinois business.

SBA Loan Borrower

COMPANY TYPE: WOOD PRODUCTS
GOLCONDA, IL 62938

SBA Loan Lender

FARMERS ST. BANK - ALTO PASS
555 S COMMERCIAL ST
HARRISBURG, IL 62946

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2499 - Wood Products

NAICS Code

321999 - Wood Product Manufacturing

Loan Approval Date

4/8/2002

Loan Approval Gross Amount

$51,250

Loan Approval from the SBA

Of the total $51,250 loan amount, the SBA guaranteed $43,562.

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 loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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:

Advice on Getting a Small Business Loan

SBA 7A Banks in Harrisburg, Illinois

Illinois SBA Bank Lenders