Commercial Loans for Sawmills

Looking for commercial loans for sawmills? Try the SBA. This $1,666,666 sawmills loan was issued by an Alabama bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Thomasville, Alabama was able to borrow $1,666,666 from First United Security Bank. The SBA made the loan possible by guaranteeing $1,500,000 of this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: SAWMILLS
THOMASVILLE, AL 36784

SBA Loan Lender

FIRST UNITED SECURITY BANK
131 W FRONT ST
THOMASVILLE, AL 36784

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

321113 - Sawmills

Loan Approval Date

3/12/2007

Loan Approval Gross Amount

$1,666,666

Loan Approval from the SBA

Of the total $1,666,666 loan amount, the SBA guaranteed $1,500,000.

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 68 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 65 existing jobs.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First United Security Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First United Security Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

A Company That Helps Entrepreneurs

Find an SBA Lender in Thomasville, Alabama

SBA Participating Banks in Alabama