Franklin, Texas Bank Lends Money to Chicken Eggs Company in Bedias, Texas

Want to talk with a Franklin, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Franklin bank, that was approved by the SBA.

Applying for an SBA loan with Farmers State Bank worked out well for our friends at one local firm in Bedias, Texas. They received an SBA loan for $583,700. Nice!

SBA Loan Borrower

COMPANY TYPE: CHICKEN EGGS
BEDIAS, TX 77831

SBA Loan Lender

FARMERS STATE BANK
321 W HWY 79
FRANKLIN, TX 77856

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0252 - Chicken Eggs

NAICS Code

112310 - Chicken Egg Production

Loan Approval Date

7/6/2001

Loan Approval Gross Amount

$583,700

Loan Approval from the SBA

Of the total $583,700 loan amount, the SBA guaranteed $437,775.

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 only one employee. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

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SBA Approved Banks in Franklin, Texas

Getting a Business Loan in Texas