How to Get a Loan for Reconstituted Wood Product Manufacturing

With these SBA loans for reconstituted wood product manufacturing, the SBA guarantees the lender that the loan will be repaid. This reconstituted wood product manufacturing loan for $692,000 was given to a Pennsylvania entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pen Argyl, Pennsylvania was able to borrow $692,000 from Pnc Bank, National Association. The SBA made the loan possible by guaranteeing $519,000 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: RECONSTITUTED WOOD PRODUCT MANUFACTURING
PEN ARGYL, PA 18072

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

321219 - Reconstituted Wood Product Manufacturing

Loan Approval Date

6/15/2001

Loan Approval Gross Amount

$692,000

Loan Approval from the SBA

Of the total $692,000 loan amount, the SBA guaranteed $519,000.

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 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs.

Getting an SBA Loan For Your Business

Remember, you 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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $692,000 loan. Remember, if it to be, it is up to me!

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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