Broilers and Meat Type Loans

With these loans for broilers and meat type, the SBA guarantees the lender that the loan will be repaid. This broilers and meat type loan for $890,000 was given to a Texas entrepreneur in 2003.

This company knew how to go about getting a business bank loan. Based in Pickton, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Equity Bank, Ssb, based in Dallas, Texas.

SBA Loan Borrower

COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS
PICKTON, TX 75471

SBA Loan Lender

EQUITY BANK, SSB
5220 SPRING VALLEY RD, STE 16
DALLAS, TX 75254

This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

6/30/2003

Loan Approval Gross Amount

$890,000

Loan Approval from the SBA

Of the total $890,000 loan amount, the SBA guaranteed $667,500.

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 3 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Equity Bank, Ssb had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Equity Bank, Ssb made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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