Small Business Loans for Sawmills

Looking for small business loans for sawmills? The SBA may be the answer. This $162,400 sawmills loan was issued by an Ohio bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Comm. & Savings Bank - Millersb, out of Millersburg, Ohio. The loan was granted and they received $162,400 to help grow their Salesville, Ohio business.

SBA Loan Borrower

COMPANY TYPE: SAWMILLS
SALESVILLE, OH 43778

SBA Loan Lender

COMM. & SAVINGS BANK - MILLERSB
91 N CLAY ST
MILLERSBURG, OH 44654

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

321113 - Sawmills

Loan Approval Date

5/2/2007

Loan Approval Gross Amount

$162,400

Loan Approval from the SBA

Of the total $162,400 loan amount, the SBA guaranteed $81,200.

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 10 employees. This SBA loan request indicated that the funding would help generate 10 new jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Comm. & Savings Bank - Millersb 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.

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