Get an SBA Loan for Beef Cattle Ranching and Farming

Looking for small business loans for beef cattle ranching and farming? Try the SBA. This $120,000 beef cattle ranching and farming loan was issued by a New Mexico bank.

Getting a small business loan in Muleshoe, Texas was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from First Community Bank, operating out of Clovis, New Mexico. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: BEEF CATTLE RANCHING AND FARMING
MULESHOE, TX 79347

SBA Loan Lender

FIRST COMMUNITY BANK
801 PILE ST
CLOVIS, NM 88101

This lender issued this particular SBA 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

10/30/2002

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First Community Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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