Where to Get Capital for Broilers and Meat Type

Looking for small business loans for broilers and meat type? Talk to a banker who works with the SBA. This $273,000 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 Bentonville, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Financial Bank, based in Fayetteville, Arkansas.

SBA Loan Borrower

COMPANY TYPE: BROILERS AND MEAT TYPE
BENTONVILLE, AR 72712

SBA Loan Lender

FIRST FINANCIAL BANK
2646 E JOYCE BLVD, STE 2
FAYETTEVILLE, AR 72703

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112320 - Broilers and Meat Type

Loan Approval Date

6/13/2003

Loan Approval Gross Amount

$273,000

Loan Approval from the SBA

Of the total $273,000 loan amount, the SBA guaranteed $204,750.

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 only one employee. This SBA loan request did not indicate that the business planned to use the funding to hire new employees 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.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Financial Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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 Capital for Broilers and Meat Type