Get an SBA Loan for Animal Slaughtering

Looking for bank loans for animal slaughtering? Try the SBA. This $327,500 animal slaughtering loan was issued by a Michigan bank.

Getting a small business loan in Escanaba, Michigan was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Upper Peninsula State Bank, operating out of Escanaba, Michigan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: ANIMAL SLAUGHTERING
ESCANABA, MI 49829

SBA Loan Lender

UPPER PENINSULA STATE BANK
112 N 11TH ST
ESCANABA, MI 49829

This lender issued this SBA business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311611 - Animal Slaughtering

Loan Approval Date

9/3/2003

Loan Approval Gross Amount

$327,500

Loan Approval from the SBA

Of the total $327,500 loan amount, the SBA guaranteed $245,625.

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

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

While you may be able to find business people willing to loan money, 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.

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