Commercial Loans for Broilers and Meat Type

With these commercial loans for broilers and meat type, the SBA guarantees the lender that the loan will be repaid. This broilers and meat type loan for $1,000,000 was given to a Mississippi entrepreneur in 2003.

This small business knew how to go about getting a business bank loan. Based in Wesson, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Financial Bank, based in Carthage, Mississippi.

SBA Loan Borrower

COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS
WESSON, MS 39191

SBA Loan Lender

FIRST FINANCIAL BANK
206 N VAN BUREN
CARTHAGE, MS 39051

This business 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

0251 - Broiler, Fryer, and Roaster Chickens

NAICS Code

112320 - Broilers and Meat Type

Loan Approval Date

8/21/2003

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.

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 loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Wesson MS, you ought to talk with a local Wesson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wesson businesses.

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

Strategic Investors

SBA 7A Banks in Carthage, Mississippi

Getting a Business Loan in Mississippi