Chicken Egg Production Small Business Loans
Looking for small business loans for chicken egg production? The SBA may be the answer. This $216,400 chicken egg production loan was issued by a Mississippi bank.
This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First Financial Bank, out of Carthage, Mississippi. The loan was granted and they received $216,400 to help grow their Magee, Mississippi business.
SBA Loan Borrower
COMPANY TYPE: CHICKEN EGGS
MAGEE, MS 39111
SBA Loan Lender
FIRST FINANCIAL BANK
206 N VAN BUREN
CARTHAGE, MS 39051
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to our country's hard-working small business owners.
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
8/23/2000
Loan Approval Gross Amount
$216,400
Loan Approval from the SBA
Of the total $216,400 loan amount, the SBA guaranteed $162,300.
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 only one employee. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Financial Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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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