Raising Money for Beef Cattle Ranching and Farming

Looking for business loans for beef cattle ranching and farming? Talk to a banker who works with the SBA. This $410,000 beef cattle ranching and farming loan was issued by an Arkansas bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First National Bank & Trust, out of Mountain Home, Arkansas. The loan was granted and they received $410,000 to help grow their Neward, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: BEEF CATTLE RANCHING AND FARMING
NEWARD, AR 72562

SBA Loan Lender

FIRST NATIONAL BANK & TRUST
502 S HICKORY ST
MOUNTAIN HOME, AR 72653

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112111 - Beef Cattle Ranching and Farming

Loan Approval Date

4/2/2002

Loan Approval Gross Amount

$410,000

Loan Approval from the SBA

Of the total $410,000 loan amount, the SBA guaranteed $307,500.

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 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $410,000 loan. Remember, you control your own destiny.

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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