Commercial Loans for Broilers and Meat Type

With these commercial loans for broilers and meat type, the SBA guarantees the lender that the loan will be repaid. This broilers and meat type loan for $1,255,000 was given to a California entrepreneur in 2006.

Getting a small business loan in Sacramento, California was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from First Financial Bank, operating out of Nacogdoches, Texas. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: BROILERS AND MEAT TYPE
SACRAMENTO, CA 95828

SBA Loan Lender

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

This lender issued this debt financing under the SBA 7A lending 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.

NAICS Code

112320 - Broilers and Meat Type

Loan Approval Date

6/9/2006

Loan Approval Gross Amount

$1,255,000

Loan Approval from the SBA

Of the total $1,255,000 loan amount, the SBA guaranteed $941,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Financial Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Obtaining Funding - Friends and Family

Small Bank Loans in Nacogdoches, Texas

Texas SBA Banks