Financing for Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers

Looking for commercial loans for lumber, plywood, millwork, and wood panel merchant wholesalers? Talk to a banker who works with the SBA. This $120,000 lumber, plywood, millwork, and wood panel merchant wholesalers loan was issued by a Nebraska bank.

This small business knew how to go about getting a business bank loan. Based in Holdrege, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First National Bank - Holdrege, based in Holdrege, Nebraska.

SBA Loan Borrower

COMPANY TYPE: LUMBER, PLYWOOD, MILLWORK, AND WOOD PANEL MERCHANT WHOLESALERS
HOLDREGE, NE 68949

SBA Loan Lender

FIRST NATIONAL BANK - HOLDREGE
401 EAST AVE
HOLDREGE, NE 68949

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.

NAICS Code

423310 - Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers

Loan Approval Date

2/2/2004

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Business Incubators

Find an SBA Lender in Holdrege, Nebraska

Nebraska SBA 7A Banks