Borrowing Money for Animal Production

Looking for loans for animal production? Talk to a banker who works with the SBA. This $9,000 animal production loan was issued by a Kansas bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First Security Bank & Trust, out of Lenora, Kansas. The loan was granted and they received $9,000 to help grow their New Almelo, Kansas business.

SBA Loan Borrower

COMPANY TYPE: ANIMAL PRODUCTION
NEW ALMELO, KS 67645

SBA Loan Lender

FIRST SECURITY BANK & TRUST
105 S MAIN ST
LENORA, KS 67645

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112990 - Animal Production

Loan Approval Date

4/2/2002

Loan Approval Gross Amount

$9,000

Loan Approval from the SBA

Of the total $9,000 loan amount, the SBA guaranteed $7,650.

More Information on This SBA Loan

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

Getting an SBA Loan For Your Business

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Security Bank & Trust 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.

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