SBA Loans for Animal Food Manufacturing

Looking for SBA loans for animal food manufacturing? Talk to a banker who works with the SBA. This $85,000 animal food manufacturing loan was issued by a Texas bank.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First Finan Bank, out of Sweetwater, Texas. The loan was granted and they received $85,000 to help grow their Gainesville, Texas business.

SBA Loan Borrower

COMPANY TYPE: ANIMAL FOOD MANUFACTURING
GAINESVILLE, TX 76240

SBA Loan Lender

FIRST FINAN BANK
201 ELM ST
SWEETWATER, TX 79556

This lender issued this business loan under the SBA's 7A loan, 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

311119 - Animal Food Manufacturing

Loan Approval Date

6/28/2007

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $63,750.

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 3 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $85,000 loan. Remember, feel the fear, and do it anyway.

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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