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April 24, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > El Dorado, Business Loans > First Financial Bank El Dorado Business Loans > Broiler, Fryer, And Roaster Chickens Loan | ||||
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El Dorado, Arkansas SBA Lenders
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El Dorado, Arkansas Lender Lends Money to Broiler, Fryer, And Roaster Chickens CompanyWant to talk with an El Dorado, Arkansas bank about a small business loan? Here's one Mississippi business loan, issued by an El Dorado bank, that was approved by the SBA. Applying for an SBA loan with First Financial Bank worked out well for our friends at one local firm in Brookhaven, Mississippi. They got an SBA loan for $107,500. Nice! SBA Loan Borrower COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS SBA Loan Lender FIRST FINANCIAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0251 - Broiler, Fryer, and Roaster Chickens NAICS Code 112320 - Broilers and Meat Type Loan Approval Date 7/17/2000 Loan Approval Gross Amount $107,500 Loan Approval from the SBA Of the total $107,500 loan amount, the SBA guaranteed $80,625. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for 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 loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Financial Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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