Getting an SBA Loan for Turkey Production

Looking for commercial loans for turkey production? Talk to a banker who works with the SBA. This $384,460 turkey production loan was issued by an Arkansas bank.

Getting a small business loan in Seligman, Missouri was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Anb Finan, operating out of Bentonville, Arkansas. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: TURKEYS AND TURKEY EGGS
SELIGMAN, MO 65745

SBA Loan Lender

ANB FINAN
706 S WALTON BLVD
BENTONVILLE, AR 72712

This lender issued this SBA business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0253 - Turkeys and Turkey Eggs

NAICS Code

112330 - Turkey Production

Loan Approval Date

5/31/2002

Loan Approval Gross Amount

$384,460

Loan Approval from the SBA

Of the total $384,460 loan amount, the SBA guaranteed $288,345.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in 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 small business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Anb Finan that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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