Where to Get Capital for Hog and Pig Farming

With these small business loans for hog and pig farming, the SBA guarantees the lender that the loan will be repaid. This hog and pig farming loan for $600,000 was given to an Iowa entrepreneur in 2002.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Liberty Bank, Fsb, out of Garner, Iowa. The loan was granted and they received $600,000 to help grow their Garner, Iowa business.

SBA Loan Borrower

COMPANY TYPE: HOG AND PIG FARMING
GARNER, IA 50438

SBA Loan Lender

LIBERTY BANK, FSB
175 E 3RD
GARNER, IA 50438

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112210 - Hog and Pig Farming

Loan Approval Date

7/25/2002

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

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 did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Liberty Bank, Fsb and they will explain how you can get an SBA loan for your company.

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:

Direct Public Offerings

Best Banks for Small Business in Garner, Iowa

Iowa SBA 7A Lenders