Raising Money for Rendering and Meat Byproduct Processing

With these business loans for rendering and meat byproduct processing, the SBA guarantees the lender that the loan will be repaid. This rendering and meat byproduct processing loan for $140,000 was given to a Minnesota entrepreneur in 2003.

This business knew how to go about getting a business bank loan. Based in Ashby, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First State Bank Of Ashby, based in Ashby, Minnesota.

SBA Loan Borrower

COMPANY TYPE: RENDERING AND MEAT BYPRODUCT PROCESSING
ASHBY, MN 56309

SBA Loan Lender

FIRST STATE BANK OF ASHBY
110 MAIN ST
ASHBY, MN 56309

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311613 - Rendering and Meat Byproduct Processing

Loan Approval Date

12/17/2003

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 17 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

We've showcased information on this loan to let you know that businesses like yours 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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