How to Get a Loan for Broilers and Meat Type

With these business loans for broilers and meat type, the SBA guarantees the lender that the loan will be repaid. This broilers and meat type loan for $360,000 was given to a Texas entrepreneur in 2006.

This small business knew how to go about getting a business bank loan. Based in Nacogdoches, Texas, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was First Financial Bank, based in Nacogdoches, Texas.

SBA Loan Borrower

COMPANY TYPE: BROILERS AND MEAT TYPE
NACOGDOCHES, TX 75961

SBA Loan Lender

FIRST FINANCIAL BANK
1602 E STARR, STE 104
NACOGDOCHES, TX 75961

This lender issued this SBA bank loan under the SBA's 7(a) guaranteed loan 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

112320 - Broilers and Meat Type

Loan Approval Date

7/28/2006

Loan Approval Gross Amount

$360,000

Loan Approval from the SBA

Of the total $360,000 loan amount, the SBA guaranteed $270,000.

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 2 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $360,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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