Financing for Cut Stock, Resawing Lumber, and Planning

With these commercial loans for cut stock, resawing lumber, and planning, the SBA guarantees the lender that the loan will be repaid. This cut stock, resawing lumber, and planning loan for $1,250,000 was given to a Tennessee entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Middleton, Tennessee was able to borrow $1,250,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $937,500 of this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: CUT STOCK, RESAWING LUMBER, AND PLANNING
MIDDLETON, TN 38052

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

321912 - Cut Stock, Resawing Lumber, and Planning

Loan Approval Date

2/28/2002

Loan Approval Gross Amount

$1,250,000

Loan Approval from the SBA

Of the total $1,250,000 loan amount, the SBA guaranteed $937,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 21 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 15 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

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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