Broilers and Meat Type Small Business Loans

With these small business loans for broilers and meat type, the SBA guarantees the lender that the loan will be repaid. This broilers and meat type loan for $456,500 was given to a Mississippi entrepreneur in 2003.

This small firm knew how to go about getting a business bank loan. Based in Mendenhall, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Regions Bank, based in Mount Olive, Mississippi.

SBA Loan Borrower

COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS
MENDENHALL, MS 39114

SBA Loan Lender

REGIONS BANK
515 MAIN ST
MOUNT OLIVE, MS 39119

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0251 - Broiler, Fryer, and Roaster Chickens

NAICS Code

112320 - Broilers and Meat Type

Loan Approval Date

12/18/2003

Loan Approval Gross Amount

$456,500

Loan Approval from the SBA

Of the total $456,500 loan amount, the SBA guaranteed $342,375.

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 2 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

A Company That Helps Entrepreneurs

SBA 7A Lenders in Mount Olive, Mississippi

Getting an SBA Loan in Mississippi