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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Center, Business Loans > Farmers State Bank Center Business Loans > Chicken Eggs Loan | ||||
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Texas Bank SBA Loans
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Entrepreneur Works With Center, Texas Bank to Get an SBA LoanThinking about meeting with a Center, Texas bank about a business loan? Here's one Texas business loan, issued by a Center bank, that was approved by the SBA. Applying for an SBA loan with Farmers State Bank worked out well for our friends at one local company in Joaquin, Texas. The business was able to get an SBA loan for $670,000. Sweet! SBA Loan Borrower COMPANY TYPE: CHICKEN EGGS SBA Loan Lender FARMERS STATE BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0252 - Chicken Eggs NAICS Code 112310 - Chicken Egg Production Loan Approval Date 3/20/2000 Loan Approval Gross Amount $670,000 Loan Approval from the SBA Of the total $670,000 loan amount, the SBA guaranteed $502,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Farmers State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Realistic Debt Financing Options Who Lends Money to Small Businesses in Center, Texas
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