Raising Money for Logging

Looking for business loans for logging? An SBA loan may be just what you've been looking for. This $266,400 logging loan was issued by a Kansas bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Citizens Bank, out of Mound City, Kansas. The loan was granted and they received $266,400 to help grow their Kincaid, Kansas business.

SBA Loan Borrower

COMPANY TYPE: LOGGING
KINCAID, KS 66039

SBA Loan Lender

CITIZENS BANK
402 MAIN
MOUND CITY, KS 66056

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2411 - Logging

NAICS Code

113310 - Logging

Loan Approval Date

3/25/2005

Loan Approval Gross Amount

$266,400

Loan Approval from the SBA

Of the total $266,400 loan amount, the SBA guaranteed $199,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 15 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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

SBA Approved Banks in Mound City, Kansas

Kansas SBA Banks