Loan Census Banking News and Information
December 21, 2024  
 
 
  Business Loan Information  
 

Seminary, Mississippi Bank Loan

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Broilers and Meat Type

Looking for bank loans for broilers and meat type? Talk to a banker who works with the SBA. This $66,700 broilers and meat type loan was issued by an Arkansas bank.

This company knew how to go about getting a business bank loan. Based in Seminary, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was First Financial Bank, based in El Dorado, Arkansas.

SBA Loan Borrower

COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS
SEMINARY, MS 39479

SBA Loan Lender

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

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0251 - Broiler, Fryer, and Roaster Chickens

NAICS Code

112320 - Broilers and Meat Type

Loan Approval Date

3/28/2001

Loan Approval Gross Amount

$66,700

Loan Approval from the SBA

Of the total $66,700 loan amount, the SBA guaranteed $56,695.

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 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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Where to Get an SBA Loan in El Dorado, Arkansas

Where to Get an SBA Loan Arkansas