Financing 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 $830,000 was given to a Texas entrepreneur in 2005.
This business knew how to go about getting a business bank loan. Based in Center, Texas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was First Financial Bank, based in Nacogdoches, Texas.
SBA Loan Borrower
COMPANY TYPE: BROILERS AND MEAT TYPE
CENTER, TX 75935
SBA Loan Lender
FIRST FINANCIAL BANK
1602 E STARR, STE 104
NACOGDOCHES, TX 75961
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business 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
9/12/2005
Loan Approval Gross Amount
$830,000
Loan Approval from the SBA
Of the total $830,000 loan amount, the SBA guaranteed $622,500.
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 SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money
This SBA loan was for $830,000. How would you spend $830,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
Determining Proper Capital Structure for a Business
SBA Participating Banks in Nacogdoches, Texas
SBA Participating Banks in Texas