Business Loan from Agsouth Farm Credit, Aca Given to Chicken Egg Production Company

Agsouth Farm Credit, Aca is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Georgia entrepreneur who tapped into the power of SBA loans.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Agsouth Farm Credit, Aca, out of Statesboro, Georgia. The loan was granted and they received $686,869 to help grow their Odum, Georgia business.

SBA Loan Borrower

COMPANY TYPE: CHICKEN EGG PRODUCTION
ODUM, GA 31555

SBA Loan Lender

AGSOUTH FARM CREDIT, ACA
P.O. BOX 718, 40 S. MAIN STRE
STATESBORO, GA 30459

This lender issued this SBA business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began 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.

NAICS Code

112310 - Chicken Egg Production

Loan Approval Date

7/20/2005

Loan Approval Gross Amount

$686,869

Loan Approval from the SBA

Of the total $686,869 loan amount, the SBA guaranteed $515,152.

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 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Business Line of Credit

Best Statesboro, Georgia Banks for Small Business

Getting an SBA Loan in Georgia