Business Loans for Logging

Looking for business loans for logging? Talk to a banker who works with the SBA. This $153,500 logging loan was issued by a New York bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Springville, New York was able to borrow $153,500 from Five Star Bank. The SBA made the loan possible by guaranteeing $76,750 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: LOGGING
SPRINGVILLE, NY 14141

SBA Loan Lender

FIVE STAR BANK
129 N UNION ST
OLEAN, NY 14760

This lender processed this 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

113310 - Logging

Loan Approval Date

9/11/2006

Loan Approval Gross Amount

$153,500

Loan Approval from the SBA

Of the total $153,500 loan amount, the SBA guaranteed $76,750.

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 loan application indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

If you are working on finding money to start a business in Springville NY, you ought to talk with a local Springville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Springville businesses.

This SBA loan was for $153,500. How would you spend $153,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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