Small Business Loans for Logging

With these small business loans for logging, the SBA guarantees the lender that the loan will be repaid. This logging loan for $361,500 was given to a Kentucky entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Princeton, Kentucky was able to borrow $361,500 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $271,125 of this Kentucky small business loan.

SBA Loan Borrower

COMPANY TYPE: LOGGING
PRINCETON, KY 42445

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

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

113310 - Logging

Loan Approval Date

10/14/2005

Loan Approval Gross Amount

$361,500

Loan Approval from the SBA

Of the total $361,500 loan amount, the SBA guaranteed $271,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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