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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Nacogdoches, Business Loans > First Financial Bank Nacogdoches Business Loans > Chicken Eggs Loan | ||||
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Texas Small Business Funding
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Getting an SBA Loan for Chicken Egg ProductionWith these SBA loans for chicken egg production, the SBA guarantees the lender that the loan will be repaid. This chicken egg production loan for $607,250 was given to a Texas entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pickton, Texas was able to borrow $607,250 from First Financial Bank. The SBA made the loan possible by guaranteeing $455,437 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: CHICKEN EGGS SBA Loan Lender FIRST FINANCIAL BANK 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 0252 - Chicken Eggs NAICS Code 112310 - Chicken Egg Production Loan Approval Date 5/16/2002 Loan Approval Gross Amount $607,250 Loan Approval from the SBA Of the total $607,250 loan amount, the SBA guaranteed $455,437. 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 2 employees. The SBA loan documents did not indicate that the company promised to use the funding 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. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from First Financial Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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:
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