Commercial Loans for Wood Product Manufacturing

Looking for commercial loans for wood product manufacturing? An SBA loan may be just what you've been looking for. This $99,000 wood product manufacturing loan was issued by a Missouri bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Union Bank, out of Kansas City, Missouri. The loan was granted and they received $99,000 to help grow their Kansas City, Missouri business.

SBA Loan Borrower

COMPANY TYPE: WOOD PRODUCT MANUFACTURING
KANSAS CITY, MO 64109

SBA Loan Lender

UNION BANK
9300 BLUE RIDGE BLVD
KANSAS CITY, MO 64138

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

321999 - Wood Product Manufacturing

Loan Approval Date

1/23/2001

Loan Approval Gross Amount

$99,000

Loan Approval from the SBA

Of the total $99,000 loan amount, the SBA guaranteed $84,150.

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 6 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $99,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Determining Proper Capital Structure for a Business

Who Lends Money to Small Businesses in Kansas City, Missouri

Missouri SBA Bank Lenders