Financing for Logging

Looking for loans for logging? The SBA may be the answer. This $256,000 logging loan was issued by an Illinois bank.

This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First Bank & Trust, S.B., out of Paris, Illinois. The loan was granted and they received $256,000 to help grow their Merom, Indiana business.

SBA Loan Borrower

COMPANY TYPE: LOGGING
MEROM, IN 47861

SBA Loan Lender

FIRST BANK & TRUST, S.B.
101 S CENTRAL AVE
PARIS, IL 61944

This commercial 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.

NAICS Code

113310 - Logging

Loan Approval Date

5/31/2001

Loan Approval Gross Amount

$256,000

Loan Approval from the SBA

Of the total $256,000 loan amount, the SBA guaranteed $192,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours 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.

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