Chicken Egg Production Bank Loans

With these bank loans for chicken egg production, the SBA guarantees the lender that the loan will be repaid. This chicken egg production loan for $512,000 was given to a Mississippi entrepreneur in 2007.

This company knew how to go about getting a business bank loan. Based in Pinola, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Peoples Bank, based in Magee, Mississippi.

SBA Loan Borrower

COMPANY TYPE: CHICKEN EGG PRODUCTION
PINOLA, MS 39149

SBA Loan Lender

PEOPLES BANK
611 5TH AVE
MAGEE, MS 39111

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.

NAICS Code

112310 - Chicken Egg Production

Loan Approval Date

4/12/2007

Loan Approval Gross Amount

$512,000

Loan Approval from the SBA

Of the total $512,000 loan amount, the SBA guaranteed $384,000.

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 only one employee. The loan application indicated that the loan would help create 1 new job.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Peoples Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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