Get an SBA Loan for Hog and Pig Farming

With these loans for hog and pig farming, the SBA guarantees the lender that the loan will be repaid. This hog and pig farming loan for $630,500 was given to an Iowa entrepreneur in 2001.

This company knew how to go about getting a business bank loan. Based in Titonka, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Bank Of The West, based in Salt Lake City, Utah.

SBA Loan Borrower

COMPANY TYPE: HOGS
TITONKA, IA 50481

SBA Loan Lender

BANK OF THE WEST
142 EAST 200 SOUTH
SALT LAKE CITY, UT 84111

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0213 - Hogs

NAICS Code

112210 - Hog and Pig Farming

Loan Approval Date

1/29/2001

Loan Approval Gross Amount

$630,500

Loan Approval from the SBA

Of the total $630,500 loan amount, the SBA guaranteed $472,875.

More Information on This SBA Loan

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

Getting an SBA Loan For Your 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.

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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