SBA Loans for Wood Container and Pallet Manufacturing

Looking for SBA loans for wood container and pallet manufacturing? The SBA may be the answer. This $100,000 wood container and pallet manufacturing loan was issued by a Massachusetts bank.

Getting a small business loan in Woonsocket, Rhode Island was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Milford National Bank & Trust, operating out of Milford, Massachusetts. Here are the details on this Rhode Island small business loan.

SBA Loan Borrower

COMPANY TYPE: WOOD CONTAINER AND PALLET MANUFACTURING
WOONSOCKET, RI 02895

SBA Loan Lender

MILFORD NATIONAL BANK & TRUST
300 E MAIN ST
MILFORD, MA 01757

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

321920 - Wood Container and Pallet Manufacturing

Loan Approval Date

3/7/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 30 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 33 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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $100,000 loan. Remember, where there is a will, there is a way!

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:

Strategic Investors

Who Lends Money to Small Businesses in Milford, Massachusetts

Massachusetts SBA 7A Lenders