SBA Loan from First Financial Bank Helps Broiler, Fryer, And Roaster Chickens Company

First Financial Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Mississippi entrepreneur who tapped into the power of SBA loans.

This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First Financial Bank, out of Carthage, Mississippi. The loan was granted and they received $126,863 to help grow their New Hebron, Mississippi business.

SBA Loan Borrower

COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS
NEW HEBRON, MS 39140

SBA Loan Lender

FIRST FINANCIAL BANK
206 N VAN BUREN
CARTHAGE, MS 39051

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

2/4/2005

Loan Approval Gross Amount

$126,863

Loan Approval from the SBA

Of the total $126,863 loan amount, the SBA guaranteed $107,834.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.

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

If you want money for new small business in New Hebron MS, you ought to talk with a local New Hebron SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New Hebron businesses.

We can help you find the best banks for small businesses in New Hebron or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Business Line of Credit

Best Carthage, Mississippi Banks for Small Business

Mississippi SBA 7A Banks