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May 15, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Magee, Business Loans > Peoples Bank Magee Business Loans > Broiler, Fryer, And Roaster Chickens Loan | ||||
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How to Get SBA Loans in New Hebron, Mississippi
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Broilers and Meat Type Bank LoansLooking for bank loans for broilers and meat type? Talk to a banker who works with the SBA. This $709,000 broilers and meat type loan was issued by a Mississippi bank. This company knew how to go about getting a business bank loan. Based in New Hebron, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Peoples Bank, based in Magee, Mississippi. SBA Loan Borrower COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS SBA Loan Lender PEOPLES 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 SBA bank 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 6/30/2006 Loan Approval Gross Amount $709,000 Loan Approval from the SBA Of the total $709,000 loan amount, the SBA guaranteed $531,750. More Information on This SBA Loan The borrower borrowed this money for a new 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 SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $709,000 loan. Remember, anyone can do it... so why not 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. Related Links: Banking Deregulation's Effects on Entrepreneurship SBA Banks in Magee, Mississippi
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