How to Get a Loan for Meat Processed from Carcasses

Looking for SBA loans for meat processed from carcasses? Try the SBA. This $135,000 meat processed from carcasses loan was issued by a Texas bank.

This small business knew how to go about getting a business bank loan. Based in Slaton, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was American State Bank, based in Slaton, Texas.

SBA Loan Borrower

COMPANY TYPE: MEAT PROCESSED FROM CARCASSES
SLATON, TX 79364

SBA Loan Lender

AMERICAN STATE BANK
1800 W DIVISION ST
SLATON, TX 79364

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311612 - Meat Processed from Carcasses

Loan Approval Date

7/3/2001

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

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 10 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

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

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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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