Bank Loans for Broilers and Meat Type

With these bank loans for broilers and meat type, the SBA guarantees the lender that the loan will be repaid. This broilers and meat type loan for $461,750 was given to a Mississippi entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Collins, Mississippi was able to borrow $461,750 from Peoples Bank. The SBA made the loan possible by guaranteeing $346,312 of this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS
COLLINS, MS 39428

SBA Loan Lender

PEOPLES BANK
611 5TH AVE
MAGEE, MS 39111

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0251 - Broiler, Fryer, and Roaster Chickens

NAICS Code

112320 - Broilers and Meat Type

Loan Approval Date

6/3/2005

Loan Approval Gross Amount

$461,750

Loan Approval from the SBA

Of the total $461,750 loan amount, the SBA guaranteed $346,312.

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 2 employees. The SBA loan application for the borrower did not indicate that the small business planned 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?

If you need business start up money in Collins MS, you ought to talk with a local Collins SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Collins 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.

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