Borrowing Money for Animal Food Manufacturing
With these loans for animal food manufacturing, the SBA guarantees the lender that the loan will be repaid. This animal food manufacturing loan for $1,104,000 was given to an Alabama entrepreneur in 2003.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Albertville, Alabama was able to borrow $1,104,000 from Community W. Bank. The SBA made the loan possible by guaranteeing $828,000 of this Alabama small business loan.
SBA Loan Borrower
COMPANY TYPE: PREPARED FEEDS & FEED INGREDIENTS FOR ANIMALS & FO
ALBERTVILLE, AL 35951
SBA Loan Lender
COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117
This SBA bank loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA delivers a fast loan decision.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
2048 - Prepared Feeds & Feed Ingredients for Animals & Fo
NAICS Code
311119 - Animal Food Manufacturing
Loan Approval Date
10/22/2003
Loan Approval Gross Amount
$1,104,000
Loan Approval from the SBA
Of the total $1,104,000 loan amount, the SBA guaranteed $828,000.
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 35 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Small Business Credit Cards
SBA Approved Banks in Goleta, California
California SBA 7A Lenders