How to Get a Loan for Broilers and Meat Type
With these SBA loans for broilers and meat type, the SBA guarantees the lender that the loan will be repaid. This broilers and meat type loan for $641,800 was given to a Mississippi entrepreneur in 2003.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Forest, Mississippi was able to borrow $641,800 from First Financial Bank. The SBA made the loan possible by guaranteeing $481,350 of this Mississippi small business loan.
SBA Loan Borrower
COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS
FOREST, MS 39074
SBA Loan Lender
FIRST FINANCIAL BANK
206 N VAN BUREN
CARTHAGE, MS 39051
This lender issued this bank loan under the SBA 7A lending 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.
SIC Code
0251 - Broiler, Fryer, and Roaster Chickens
NAICS Code
112320 - Broilers and Meat Type
Loan Approval Date
11/4/2003
Loan Approval Gross Amount
$641,800
Loan Approval from the SBA
Of the total $641,800 loan amount, the SBA guaranteed $481,350.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
504 Loans
Who Lends Money to Small Businesses in Carthage, Mississippi
SBA Lenders in Mississippi