Financing for Hog and Pig Farming

Looking for loans for hog and pig farming? Try the SBA. This $417,000 hog and pig farming loan was issued by a Minnesota bank.

Getting a small business loan in Amboy, Minnesota was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Pioneer Bank, operating out of Mapleton, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: HOG AND PIG FARMING
AMBOY, MN 56010

SBA Loan Lender

PIONEER BANK
301 MAIN ST
MAPLETON, MN 56065

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112210 - Hog and Pig Farming

Loan Approval Date

5/24/2004

Loan Approval Gross Amount

$417,000

Loan Approval from the SBA

Of the total $417,000 loan amount, the SBA guaranteed $312,750.

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 only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Pioneer Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

504 Loans

Where to Get an SBA Loan in Mapleton, Minnesota

Where to Get an SBA Loan Minnesota