Get an SBA Loan for Sawmill and Woodworking Machinery Manufacturing

Looking for loans for sawmill and woodworking machinery manufacturing? Talk to a banker who works with the SBA. This $225,000 sawmill and woodworking machinery manufacturing loan was issued by a Montana bank.

This company knew how to go about getting a business bank loan. Based in Missoula, Montana, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was First National Bank - Montana Inc., based in Missoula, Montana.

SBA Loan Borrower

COMPANY TYPE: SAWMILL AND WOODWORKING MACHINERY MANUFACTURING
MISSOULA, MT 59801

SBA Loan Lender

FIRST NATIONAL BANK - MONTANA INC.
201 N HIGGINS
MISSOULA, MT 59802

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333210 - Sawmill and Woodworking Machinery Manufacturing

Loan Approval Date

12/19/2001

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

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 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First National Bank - Montana Inc. and they will explain how you can get an SBA loan for your company.

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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