Where to Get Capital for Meat and Meat Product Wholesalers

Looking for SBA loans for meat and meat product wholesalers? Talk to a banker who works with the SBA. This $350,000 meat and meat product wholesalers loan was issued by a Mississippi bank.

Getting a small business loan in Collins, Mississippi was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Covington County Bank, operating out of Collins, Mississippi. Here are the details on this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: MEAT PACKING PLANTS
COLLINS, MS 39428

SBA Loan Lender

COVINGTON COUNTY BANK
102 S DOGWOOD AVE
COLLINS, MS 39428

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2011 - Meat Packing Plants

NAICS Code

422470 - Meat and Meat Product Wholesalers

Loan Approval Date

11/4/2003

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

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 8 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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 important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Covington County Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Covington County Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

How Equity Dilution Works

Where to Get an SBA Loan in Collins, Mississippi

SBA Mississippi Banks