Where to Get Capital for Support Activities for Animal Production

With these small business loans for support activities for animal production, the SBA guarantees the lender that the loan will be repaid. This support activities for animal production loan for $452,000 was given to a Texas entrepreneur in 2003.

This small firm knew how to go about getting a business bank loan. Based in Bryan, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Amer Business Lending Inc., based in Dallas, Texas.

SBA Loan Borrower

COMPANY TYPE: LIVESTOCK SERVICES
BRYAN, TX 77807

SBA Loan Lender

AMER BUSINESS LENDING INC.
1420 W. MOCKINGBIRD LANE, SUI
DALLAS, TX 75247

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.

SIC Code

0751 - Livestock Services

NAICS Code

115210 - Support Activities for Animal Production

Loan Approval Date

9/30/2003

Loan Approval Gross Amount

$452,000

Loan Approval from the SBA

Of the total $452,000 loan amount, the SBA guaranteed $339,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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Small Bank Loans in Dallas, Texas

SBA Participating Banks in Texas