How to Get a Loan for Poultry Processing

With these business loans for poultry processing, the SBA guarantees the lender that the loan will be repaid. This poultry processing loan for $1,838,047 was given to a Mississippi entrepreneur in 2008.

This business received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Community Bank, Ellisville, out of Laurel, Mississippi. The loan was granted and they received $1,838,047 to help grow their Collins, Mississippi business.

SBA Loan Borrower

COMPANY TYPE: POULTRY PROCESSING
COLLINS, MS 39428

SBA Loan Lender

COMMUNITY BANK, ELLISVILLE
9TH ST & 16TH AVE
LAUREL, MS 39440

This loan for a small business 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.

NAICS Code

311615 - Poultry Processing

Loan Approval Date

1/28/2008

Loan Approval Gross Amount

$1,838,047

Loan Approval from the SBA

Of the total $1,838,047 loan amount, the SBA guaranteed $1,378,535.

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 2 employees. The loan application indicated that the funding would help create 2 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Community Bank, Ellisville so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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