Poultry and Poultry Product Wholesalers Small Business Loans

Looking for small business loans for poultry and poultry product wholesalers? The SBA may be the answer. This $75,000 poultry and poultry product wholesalers loan was issued by a California bank.

This company knew how to go about getting a business bank loan. Based in Los Angles, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was 1st Centennial Bank, based in Brea, California.

SBA Loan Borrower

COMPANY TYPE: POULTRY AND POULTRY PRODUCT WHOLESALERS
LOS ANGLES, CA 90021

SBA Loan Lender

1ST CENTENNIAL BANK
10 POINTE DR
BREA, CA 92821

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422440 - Poultry and Poultry Product Wholesalers

Loan Approval Date

5/2/2002

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

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 6 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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