How to Get a Loan for Hog and Pig Farming

Looking for business loans for hog and pig farming? An SBA loan may be just what you've been looking for. This $112,400 hog and pig farming loan was issued by an Iowa bank.

This small business knew how to go about getting a business bank loan. Based in Schaller, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Citizens Bank, based in Sac City, Iowa.

SBA Loan Borrower

COMPANY TYPE: HOG AND PIG FARMING
SCHALLER, IA 51053

SBA Loan Lender

CITIZENS BANK
500 W MAIN
SAC CITY, IA 50583

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112210 - Hog and Pig Farming

Loan Approval Date

2/20/2007

Loan Approval Gross Amount

$112,400

Loan Approval from the SBA

Of the total $112,400 loan amount, the SBA guaranteed $95,540.

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 4 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Schaller IA, you ought to talk with a local Schaller SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Schaller businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Citizens Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Citizens Bank 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.

Related Links:

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SBA Approved Banks in Sac City, Iowa

Iowa SBA Banks