Borrowing Money for Animal Production

With these small business loans for animal production, the SBA guarantees the lender that the loan will be repaid. This animal production loan for $55,000 was given to a Missouri entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Osceola, Missouri was able to borrow $55,000 from St. Clair County State Bank. The SBA made the loan possible by guaranteeing $46,750 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: ANIMAL SPECIALTIES, N.E.C
OSCEOLA, MO 64776

SBA Loan Lender

ST. CLAIR COUNTY STATE BANK
680 SECOND ST
OSCEOLA, MO 64776

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0279 - Animal Specialties, N.E.C

NAICS Code

112990 - Animal Production

Loan Approval Date

6/10/2005

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

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 SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

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

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

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Dealing With Venture Capitalists

SBA 7A Lenders in Osceola, Missouri

Missouri SBA Banks