Wood Product Manufacturing Commercial Loans

Looking for commercial loans for wood product manufacturing? Talk to a banker who works with the SBA. This $105,000 wood product manufacturing loan was issued by a Georgia bank.

Getting a small business loan in Powder Springs, Georgia was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Georgia State Bank, operating out of Mableton, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: WOOD PRODUCT MANUFACTURING
POWDER SPRINGS, GA 30127

SBA Loan Lender

GEORGIA STATE BANK
620 FONTAINE RD SW
MABLETON, GA 30126

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

321999 - Wood Product Manufacturing

Loan Approval Date

6/22/2006

Loan Approval Gross Amount

$105,000

Loan Approval from the SBA

Of the total $105,000 loan amount, the SBA guaranteed $52,500.

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 5 employees. The loan application indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Georgia State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Georgia State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Attracting Investors

SBA Banks in Mableton, Georgia

Getting an SBA Loan in Georgia