Broilers and Meat Type Small Business Loans

Looking for small business loans for broilers and meat type? Try the SBA. This $903,390 broilers and meat type loan was issued by a Texas bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Austin Bank Texas, out of Nacogdoches, Texas. The loan was granted and they received $903,390 to help grow their Nacogdoches, Texas business.

SBA Loan Borrower

COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS
NACOGDOCHES, TX 75965

SBA Loan Lender

AUSTIN BANK TEXAS
3205 N UNIVERSTIY
NACOGDOCHES, TX 75961

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

2/3/2005

Loan Approval Gross Amount

$903,390

Loan Approval from the SBA

Of the total $903,390 loan amount, the SBA guaranteed $677,543.

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 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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