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May 14, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Collins, Business Loans > Covington County Bank Collins Business Loans > Broiler, Fryer, And Roaster Chickens Loan | ||||
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SBA Lender Collins
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Collins, Mississippi Lender Lends Money to Broiler, Fryer, And Roaster Chickens CompanyThinking about meeting with a Collins, Mississippi bank about a small business loan? Here's one Mississippi business loan, issued by a Collins bank, that was approved by the SBA. Applying for an SBA loan with Covington County Bank worked out well for our friends at one local firm in Collins, Mississippi. The business was able to get an SBA loan for $675,000. Great job! SBA Loan Borrower COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS SBA Loan Lender COVINGTON COUNTY BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to our country's hard-working small business owners. 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 7/19/2000 Loan Approval Gross Amount $675,000 Loan Approval from the SBA Of the total $675,000 loan amount, the SBA guaranteed $506,250. 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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Covington County Bank and they will explain how you can get an SBA loan for your company. 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: Where to Get an SBA Loan in Collins, Mississippi
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