Where to Get Capital for Rendering and Meat Byproduct Processing
With these small business loans for rendering and meat byproduct processing, the SBA guarantees the lender that the loan will be repaid. This rendering and meat byproduct processing loan for $50,000 was given to a Kansas entrepreneur in 2000.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Onaga, Kansas was able to borrow $50,000 from Morrill & Janes Bank & Trust. The SBA made the loan possible by guaranteeing $40,000 of this Kansas small business loan.
SBA Loan Borrower
COMPANY TYPE: SAUSAGES AND OTHER PREPARED MEAT PRODUCTS
ONAGA, KS 66521
SBA Loan Lender
MORRILL & JANES BANK & TRUST
301 LEONARD ST
ONAGA, KS 66521
This lender issued this particular debt financing 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.
SIC Code
2013 - Sausages and Other Prepared Meat Products
NAICS Code
311613 - Rendering and Meat Byproduct Processing
Loan Approval Date
10/10/2000
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $40,000.
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 5 employees. The SBA loan documents did not indicate that the SBA funding recipient 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?
If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great way to raise money
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Morrill & Janes Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Financing Your Business
SBA Participating Banks in Onaga, Kansas
Kansas SBA 7A Lenders