Poultry Hatcheries SBA Loans

Looking for SBA loans for poultry hatcheries? An SBA loan may be just what you've been looking for. This $1,194,000 poultry hatcheries loan was issued by an Arkansas bank.

This small business knew how to go about getting a business bank loan. Based in Pineville, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was First Financial Bank, based in El Dorado, Arkansas.

SBA Loan Borrower

COMPANY TYPE: POULTRY HATCHERIES
PINEVILLE, AR 72566

SBA Loan Lender

FIRST FINANCIAL BANK
214 N WASHINGTON, STE 516
EL DORADO, AR 71730

This commercial 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.

NAICS Code

112340 - Poultry Hatcheries

Loan Approval Date

9/27/2002

Loan Approval Gross Amount

$1,194,000

Loan Approval from the SBA

Of the total $1,194,000 loan amount, the SBA guaranteed $895,500.

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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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:

Startup Funding Tip

SBA Participating Banks in El Dorado, Arkansas

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