Get an SBA Loan for Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers

Looking for bank loans for lumber, plywood, millwork, and wood panel merchant wholesalers? Try the SBA. This $443,480 lumber, plywood, millwork, and wood panel merchant wholesalers loan was issued by an Ohio bank.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Commerce National Bank, out of Columbus, Ohio. The loan was granted and they received $443,480 to help grow their New Albany, Ohio business.

SBA Loan Borrower

COMPANY TYPE: LUMBER, PLYWOOD, MILLWORK, AND WOOD PANEL MERCHANT WHOLESALERS
NEW ALBANY, OH 43054

SBA Loan Lender

COMMERCE NATIONAL BANK
3650 OLENTANGY RIVER RD, STE
COLUMBUS, OH 43214

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

5/27/2003

Loan Approval Gross Amount

$443,480

Loan Approval from the SBA

Of the total $443,480 loan amount, the SBA guaranteed $332,610.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in New Albany 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.

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Getting an SBA Loan in Ohio