Raising Money for Wood Kitchen Cabinet and Countertop Manufacturing

Looking for business loans for wood kitchen cabinet and countertop manufacturing? Talk to a banker who works with the SBA. This $58,900 wood kitchen cabinet and countertop manufacturing loan was issued by an Illinois bank.

This small business knew how to go about getting a business bank loan. Based in Olney, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Trustbank, based in Olney, Illinois.

SBA Loan Borrower

COMPANY TYPE: WOOD KITCHEN CABINETS
OLNEY, IL 62450

SBA Loan Lender

TRUSTBANK
600 E MAIN ST
OLNEY, IL 62450

This lender issued this particular loan for a small business 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.

SIC Code

2434 - Wood Kitchen Cabinets

NAICS Code

337110 - Wood Kitchen Cabinet and Countertop Manufacturing

Loan Approval Date

2/11/2000

Loan Approval Gross Amount

$58,900

Loan Approval from the SBA

Of the total $58,900 loan amount, the SBA guaranteed $47,120.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 20 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Trustbank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Obtaining Funding - Friends and Family

Small Business Banks in Olney, Illinois

SBA Lenders in Illinois