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May 16, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Center, Business Loans > Shelby Savings Bank, Ssb Center Business Loans > Broiler, Fryer, And Roaster Chickens Loan | ||||
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Shelby Savings Bank, Ssb
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SBA Loan from Shelby Savings Bank, Ssb Helps Broiler, Fryer, And Roaster Chickens CompanyShelby Savings Bank, Ssb and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Flynn, Texas was able to borrow $1,070,000 from Shelby Savings Bank, Ssb. The SBA made the loan possible by guaranteeing $749,000 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS SBA Loan Lender SHELBY SAVINGS BANK, SSB This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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. SIC Code 0251 - Broiler, Fryer, and Roaster Chickens NAICS Code 112320 - Broilers and Meat Type Loan Approval Date 2/11/2000 Loan Approval Gross Amount $1,070,000 Loan Approval from the SBA Of the total $1,070,000 loan amount, the SBA guaranteed $749,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 6 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Shelby Savings Bank, Ssb and they will explain how you can get an SBA loan for your company. 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: Accountant's Role in Securing Financing
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