Financing for Dairy Cattle and Milk Production

With these commercial loans for dairy cattle and milk production, the SBA guarantees the lender that the loan will be repaid. This dairy cattle and milk production loan for $1,124,390 was given to a Texas entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Miles, Texas was able to borrow $1,124,390 from Citizens State Bank. The SBA made the loan possible by guaranteeing $843,293 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: DAIRY FARMS
MILES, TX 76861

SBA Loan Lender

CITIZENS STATE BANK
329 W HARRIS
SAN ANGELO, TX 76903

This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0241 - Dairy Farms

NAICS Code

112120 - Dairy Cattle and Milk Production

Loan Approval Date

10/30/2002

Loan Approval Gross Amount

$1,124,390

Loan Approval from the SBA

Of the total $1,124,390 loan amount, the SBA guaranteed $843,293.

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 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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