Crop Farming Business Loans
With these business loans for crop farming, the SBA guarantees the lender that the loan will be repaid. This crop farming loan for $150,000 was given to a Texas entrepreneur in 2004.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chandler, Texas was able to borrow $150,000 from Citizens State Bank. The SBA made the loan possible by guaranteeing $127,500 of this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: FOREST NURSERIES AND GATHERING OF FOREST PRODUCTS
CHANDLER, TX 75758
SBA Loan Lender
CITIZENS STATE BANK
3909 S SW LOOP 323
TYLER, TX 75711
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
0831 - Forest Nurseries and Gathering of Forest Products
NAICS Code
111998 - Crop Farming
Loan Approval Date
9/2/2004
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
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 9 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We've showcased information on this loan to let you know that businesses like yours 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.
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Find an SBA Lender in Tyler, Texas
Texas SBA 7A Lenders