Raising Money for Sawmill and Woodworking Machinery Manufacturing

Looking for bank loans for sawmill and woodworking machinery manufacturing? An SBA loan may be just what you've been looking for. This $350,000 sawmill and woodworking machinery manufacturing loan was issued by an Indiana bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with German American Bancorp, out of Tell City, Indiana. The loan was granted and they received $350,000 to help grow their St. Meinrad, Indiana business.

SBA Loan Borrower

COMPANY TYPE: SAWMILL AND WOODWORKING MACHINERY MANUFACTURING
ST. MEINRAD, IN 47577

SBA Loan Lender

GERMAN AMERICAN BANCORP
645 MAIN ST
TELL CITY, IN 47586

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

333210 - Sawmill and Woodworking Machinery Manufacturing

Loan Approval Date

4/13/2007

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $175,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 100 employees. The SBA loan documents indicated that the loan would help retain 15 existing jobs.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

The Friends and Family Network

SBA Approved Banks in Tell City, Indiana

Indiana SBA 7A Lenders