Dairy Cattle and Milk Production Loans

Looking for loans for dairy cattle and milk production? Talk to a banker who works with the SBA. This $371,000 dairy cattle and milk production loan was issued by a Texas bank.

Getting a small business loan in Miles, Texas was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Citizens State Bank, operating out of Miles, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: DAIRY FARMS
MILES, TX 76861

SBA Loan Lender

CITIZENS STATE BANK
111 S ROBINSON
MILES, TX 76861

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.

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

6/12/2003

Loan Approval Gross Amount

$371,000

Loan Approval from the SBA

Of the total $371,000 loan amount, the SBA guaranteed $278,250.

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. 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.

Great, But How Can I Get an SBA Loan for My Business?

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.

This SBA loan was for $371,000. How would you spend $371,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Obtaining Funding - Getting Venture Capital

Where to Get an SBA Loan in Miles, Texas

Getting an SBA Loan in Texas