Commercial Loans for Broilers and Meat Type
Looking for commercial loans for broilers and meat type? Talk to a banker who works with the SBA. This $1,036,000 broilers and meat type loan was issued by a Louisiana bank.
Getting a small business loan in Arcadia, Louisiana was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Community Trust Bank, operating out of Farmerville, Louisiana. Here are the details on this Louisiana small business loan.
SBA Loan Borrower
COMPANY TYPE: BROILERS AND MEAT TYPE
ARCADIA, LA 71001
SBA Loan Lender
COMMUNITY TRUST BANK
200 N MAIN ST
FARMERVILLE, LA 71241
This business 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
112320 - Broilers and Meat Type
Loan Approval Date
2/20/2007
Loan Approval Gross Amount
$1,036,000
Loan Approval from the SBA
Of the total $1,036,000 loan amount, the SBA guaranteed $777,000.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 3 employees. This SBA loan request did not indicate that the company planned to use the money to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
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.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Community Trust Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
SBIR Funding
Small Bank Loans in Farmerville, Louisiana
Getting an SBA Loan in Louisiana