Where to Get Capital for Cattle Feedlots

With these small business loans for cattle feedlots, the SBA guarantees the lender that the loan will be repaid. This cattle feedlots loan for $45,000 was given to a Kansas entrepreneur in 2003.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Exchange National Bank, out of Cottonwood Falls, Kansas. The loan was granted and they received $45,000 to help grow their Cottonwood Falls, Kansas business.

SBA Loan Borrower

COMPANY TYPE: CATTLE FEEDLOTS
COTTONWOOD FALLS, KS 66845

SBA Loan Lender

EXCHANGE NATIONAL BANK
235 BROADWAY
COTTONWOOD FALLS, KS 66845

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112112 - Cattle Feedlots

Loan Approval Date

9/15/2003

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

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 SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Exchange National Bank 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.

Related Links:

Getting a Small Business Loan

SBA 7A Lenders in Cottonwood Falls, Kansas

SBA Participating Banks in Kansas