Wood Container and Pallet Manufacturing SBA Loans

Looking for SBA loans for wood container and pallet manufacturing? An SBA loan may be just what you've been looking for. This $40,000 wood container and pallet manufacturing loan was issued by a Virginia bank.

This business knew how to go about getting a business bank loan. Based in Ruckersville, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Branch Bank & Trust, based in Charlottesville, Virginia.

SBA Loan Borrower

COMPANY TYPE: WOOD PRODUCTS
RUCKERSVILLE, VA 22968

SBA Loan Lender

BRANCH BANK & TRUST
305 E JEFFERSON ST
CHARLOTTESVILLE, VA 22902

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2499 - Wood Products

NAICS Code

321920 - Wood Container and Pallet Manufacturing

Loan Approval Date

10/17/2000

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $32,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Branch Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Equity Financing

Small Bank Loans in Charlottesville, Virginia

SBA Virginia Lenders