Logging Loans

With these loans for logging, the SBA guarantees the lender that the loan will be repaid. This logging loan for $468,551 was given to a Texas entrepreneur in 2000.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Austin Bank Texas, out of Jacksonville, Texas. The loan was granted and they received $468,551 to help grow their Rusk, Texas business.

SBA Loan Borrower

COMPANY TYPE: LOGGING
RUSK, TX 75785

SBA Loan Lender

AUSTIN BANK TEXAS
200 E COMMERCE ST
JACKSONVILLE, TX 75766

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2411 - Logging

NAICS Code

113310 - Logging

Loan Approval Date

8/17/2000

Loan Approval Gross Amount

$468,551

Loan Approval from the SBA

Of the total $468,551 loan amount, the SBA guaranteed $351,413.

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 5 employees. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Advice on Getting a Small Business Loan

SBA Participating Banks in Jacksonville, Texas

Texas SBA Banks