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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Nacogdoches, Business Loans > First Financial Bank Nacogdoches Business Loans > Poultry And Poultry Products Loan | ||||
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First Financial Bank SBA Loans
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Raising Money for Broilers and Meat TypeLooking for bank loans for broilers and meat type? Talk to a banker who works with the SBA. This $700,000 broilers and meat type loan was issued by a Texas bank. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First Financial Bank, out of Nacogdoches, Texas. The loan was granted and they received $700,000 to help grow their Linden, Texas business. SBA Loan Borrower COMPANY TYPE: POULTRY AND POULTRY PRODUCTS SBA Loan Lender FIRST FINANCIAL BANK This commercial 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 5144 - Poultry and Poultry Products NAICS Code 112320 - Broilers and Meat Type Loan Approval Date 7/24/2003 Loan Approval Gross Amount $700,000 Loan Approval from the SBA Of the total $700,000 loan amount, the SBA guaranteed $525,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 2 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Realistic Debt Financing Options Where to Get an SBA Loan in Nacogdoches, Texas
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