Where to Get Capital for Animal Slaughtering

Looking for small business loans for animal slaughtering? The SBA may be the answer. This $30,000 animal slaughtering loan was issued by a North Carolina bank.

Getting a small business loan in Reidsville, North Carolina was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Newbridge Bank, operating out of Reidsville, North Carolina. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: MEAT PACKING PLANTS
REIDSVILLE, NC 27320

SBA Loan Lender

NEWBRIDGE BANK
202 S MAIN ST
REIDSVILLE, NC 27320

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2011 - Meat Packing Plants

NAICS Code

311611 - Animal Slaughtering

Loan Approval Date

6/14/2001

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Newbridge 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.

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