Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers Small Business Loans
Looking for small business loans for lumber, plywood, millwork, and wood panel merchant wholesalers? Try the SBA. This $121,500 lumber, plywood, millwork, and wood panel merchant wholesalers loan was issued by a South Dakota bank.
Getting a small business loan in Brandon City, South Dakota was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank In Sioux Falls, operating out of Sioux Falls, South Dakota. Here are the details on this South Dakota small business loan.
SBA Loan Borrower
COMPANY TYPE: LUMBER, PLYWOOD, MILLWORK, AND WOOD PANEL MERCHANT WHOLESALERS
BRANDON CITY, SD 57005
SBA Loan Lender
1ST NATIONAL BANK IN SIOUX FALLS
100 S PHILLIPS AVE
SIOUX FALLS, SD 57104
This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
423310 - Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
Loan Approval Date
3/20/2007
Loan Approval Gross Amount
$121,500
Loan Approval from the SBA
Of the total $121,500 loan amount, the SBA guaranteed $103,275.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 only one employee. The SBA loan documents indicated that the funding would help create 1 new job.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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.
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