Commercial Loans for Chicken Egg Production

With these commercial loans for chicken egg production, the SBA guarantees the lender that the loan will be repaid. This chicken egg production loan for $394,700 was given to a Mississippi entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Morton, Mississippi was able to borrow $394,700 from Community Bank Of Mississippi. The SBA made the loan possible by guaranteeing $296,025 of this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: CHICKEN EGGS
MORTON, MS 39117

SBA Loan Lender

COMMUNITY BANK OF MISSISSIPPI
323 E 3RD ST
FOREST, MS 39074

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans 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

0252 - Chicken Eggs

NAICS Code

112310 - Chicken Egg Production

Loan Approval Date

3/13/2002

Loan Approval Gross Amount

$394,700

Loan Approval from the SBA

Of the total $394,700 loan amount, the SBA guaranteed $296,025.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community Bank Of Mississippi are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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