Borrowing Money for Animal Slaughtering

With these loans for animal slaughtering, the SBA guarantees the lender that the loan will be repaid. This animal slaughtering loan for $1,157,000 was given to an Oklahoma entrepreneur in 2007.

This small firm knew how to go about getting a business bank loan. Based in Cameron, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was First Financial Bank, based in Morrilton, Arkansas.

SBA Loan Borrower

COMPANY TYPE: ANIMAL SLAUGHTERING
CAMERON, OK 74932

SBA Loan Lender

FIRST FINANCIAL BANK
1997 HWY 64 EAST
MORRILTON, AR 72110

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311611 - Animal Slaughtering

Loan Approval Date

11/5/2007

Loan Approval Gross Amount

$1,157,000

Loan Approval from the SBA

Of the total $1,157,000 loan amount, the SBA guaranteed $867,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application 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

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

Related Links:

Small Business Loan

SBA Approved Banks in Morrilton, Arkansas

SBA Lenders in Arkansas