Getting an SBA Loan for Beef Cattle Ranching and Farming

Looking for commercial loans for beef cattle ranching and farming? An SBA loan may be just what you've been looking for. This $35,000 beef cattle ranching and farming loan was issued by a Kansas bank.

This business knew how to go about getting a business bank loan. Based in Gorham, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Gorham State Bank, based in Gorham, Kansas.

SBA Loan Borrower

COMPANY TYPE: BEEF CATTLE RANCHING AND FARMING
GORHAM, KS 67671

SBA Loan Lender

GORHAM STATE BANK
HWY 40
GORHAM, KS 67640

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112111 - Beef Cattle Ranching and Farming

Loan Approval Date

9/26/2003

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $29,750.

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 loan application did not indicate that the business promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Gorham State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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