Borrowing Money for Logging

With these loans for logging, the SBA guarantees the lender that the loan will be repaid. This logging loan for $50,000 was given to a Mississippi entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Waynesboro, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Regions Bank, based in Waynesboro, Mississippi.

SBA Loan Borrower

COMPANY TYPE: LOGGING
WAYNESBORO, MS 39367

SBA Loan Lender

REGIONS BANK
801 SPRING ST
WAYNESBORO, MS 39367

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2411 - Logging

NAICS Code

113310 - Logging

Loan Approval Date

5/21/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Waynesboro MS, you ought to talk with a local Waynesboro SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Waynesboro businesses.

We can help you find the best banks for small businesses in Waynesboro or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Small Business Loan

SBA 7A Banks in Waynesboro, Mississippi

Getting a Business Loan in Mississippi