Financing for Sawmills

Looking for commercial loans for sawmills? Try the SBA. This $1,500,000 sawmills loan was issued by an Alabama bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First United Security Bank, out of Thomasville, Alabama. The loan was granted and they received $1,500,000 to help grow their Thomasville, Georgia business.

SBA Loan Borrower

COMPANY TYPE: SAWMILLS
THOMASVILLE, GA 36784

SBA Loan Lender

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

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

321113 - Sawmills

Loan Approval Date

10/11/2005

Loan Approval Gross Amount

$1,500,000

Loan Approval from the SBA

Of the total $1,500,000 loan amount, the SBA guaranteed $1,350,000.

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 did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in Thomasville GA, you ought to talk with a local Thomasville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Thomasville businesses.

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:

Getting a Small Business Loan

Best Banks in Thomasville, Alabama

Find an SBA Lender in Alabama