Commercial Loans for Sawmills

Looking for commercial loans for sawmills? Talk to a banker who works with the SBA. This $75,000 sawmills loan was issued by a Pennsylvania bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First National Bank - Pennsylvania, out of Hermitage, Pennsylvania. The loan was granted and they received $75,000 to help grow their Rockwood (sta.) (south Rockwoo, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: SAWMILLS
ROCKWOOD (STA.) (SOUTH ROCKWOO, PA 15557

SBA Loan Lender

FIRST NATIONAL BANK - PENNSYLVANIA
3320 E STATE ST
HERMITAGE, PA 16148

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

321113 - Sawmills

Loan Approval Date

7/28/2006

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $56,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 14 employees. The SBA loan application for the borrower indicated that the loan would help retain 14 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Bank - Pennsylvania had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First National Bank - Pennsylvania 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 Hermitage, Pennsylvania

Where to Get an SBA Loan Pennsylvania