Financing for Hog and Pig Farming

With these commercial loans for hog and pig farming, the SBA guarantees the lender that the loan will be repaid. This hog and pig farming loan for $1,155,000 was given to an Iowa entrepreneur in 2006.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Iowa Trust & Savings Bank, out of Cylinder, Iowa. The loan was granted and they received $1,155,000 to help grow their West Bend, Iowa business.

SBA Loan Borrower

COMPANY TYPE: HOG AND PIG FARMING
WEST BEND, IA 50597

SBA Loan Lender

IOWA TRUST & SAVINGS BANK
MAIN ST
CYLINDER, IA 50528

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112210 - Hog and Pig Farming

Loan Approval Date

12/20/2006

Loan Approval Gross Amount

$1,155,000

Loan Approval from the SBA

Of the total $1,155,000 loan amount, the SBA guaranteed $866,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Obtaining Funding - Getting Venture Capital

Where to Get an SBA Loan in Cylinder, Iowa

Iowa SBA Bank Lenders