Chicken Egg Production SBA Loans

With these SBA loans for chicken egg production, the SBA guarantees the lender that the loan will be repaid. This chicken egg production loan for $1,161,000 was given to a Texas entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Douglass, Texas was able to borrow $1,161,000 from First Financial Bank. The SBA made the loan possible by guaranteeing $870,750 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: CHICKEN EGG PRODUCTION
DOUGLASS, TX 75943

SBA Loan Lender

FIRST FINANCIAL BANK
214 N WASHINGTON, STE 516
EL DORADO, AR 71730

This lender issued this SBA small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112310 - Chicken Egg Production

Loan Approval Date

11/16/2007

Loan Approval Gross Amount

$1,161,000

Loan Approval from the SBA

Of the total $1,161,000 loan amount, the SBA guaranteed $870,750.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Douglass TX, you ought to talk with a local Douglass SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Douglass businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,161,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Startup Funding Tip

Small Business Banks in El Dorado, Arkansas

Getting an SBA Loan in Arkansas