Raising Money for Broilers and Meat Type

With these bank loans for broilers and meat type, the SBA guarantees the lender that the loan will be repaid. This broilers and meat type loan for $79,700 was given to a Mississippi entrepreneur in 2005.

Getting a small business loan in Mt. Olive, Mississippi was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Peoples Bank, operating out of Magee, Mississippi. Here are the details on this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS
MT. OLIVE, MS 39119

SBA Loan Lender

PEOPLES BANK
611 5TH AVE
MAGEE, MS 39111

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

11/21/2005

Loan Approval Gross Amount

$79,700

Loan Approval from the SBA

Of the total $79,700 loan amount, the SBA guaranteed $67,745.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Peoples Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Role of Business Plan When Raising Money

Small Bank Loans in Magee, Mississippi

Find an SBA Lender in Mississippi