How to Get a Loan for Wood Container and Pallet Manufacturing

Looking for business loans for wood container and pallet manufacturing? The SBA may be the answer. This $110,000 wood container and pallet manufacturing loan was issued by an Arkansas bank.

This small business knew how to go about getting a business bank loan. Based in Hot Springs, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Elk Horn Bank & Trust Company, based in Arkadelphia, Arkansas.

SBA Loan Borrower

COMPANY TYPE: WOOD PRODUCTS
HOT SPRINGS, AR 71901

SBA Loan Lender

ELK HORN BANK & TRUST COMPANY
601 MAIN ST
ARKADELPHIA, AR 71923

This small business loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA provides a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2499 - Wood Products

NAICS Code

321920 - Wood Container and Pallet Manufacturing

Loan Approval Date

10/16/2000

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $82,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 40 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

Small Business Banks in Arkadelphia, Arkansas

Arkansas SBA Bank Lenders