Business Loans for Broilers and Meat Type
With these business loans for broilers and meat type, the SBA guarantees the lender that the loan will be repaid. This broilers and meat type loan for $67,000 was given to a Mississippi entrepreneur in 2005.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Forest, Mississippi was able to borrow $67,000 from First Financial Bank. The SBA made the loan possible by guaranteeing $56,950 of this Mississippi small business loan.
SBA Loan Borrower
COMPANY TYPE: BROILERS AND MEAT TYPE
FOREST, MS 39074
SBA Loan Lender
FIRST FINANCIAL BANK
206 N VAN BUREN
CARTHAGE, MS 39051
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
112320 - Broilers and Meat Type
Loan Approval Date
4/22/2005
Loan Approval Gross Amount
$67,000
Loan Approval from the SBA
Of the total $67,000 loan amount, the SBA guaranteed $56,950.
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 2 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
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.
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