Get an SBA Loan for Broilers and Meat Type

With these loans for broilers and meat type, the SBA guarantees the lender that the loan will be repaid. This broilers and meat type loan for $982,000 was given to a Mississippi entrepreneur in 2005.

This company knew how to go about getting a business bank loan. Based in Petal, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Peoples Bank, based in Magee, Mississippi.

SBA Loan Borrower

COMPANY TYPE: BROILERS AND MEAT TYPE
PETAL, MS 39465

SBA Loan Lender

PEOPLES BANK
611 5TH AVE
MAGEE, MS 39111

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 small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112320 - Broilers and Meat Type

Loan Approval Date

9/14/2005

Loan Approval Gross Amount

$982,000

Loan Approval from the SBA

Of the total $982,000 loan amount, the SBA guaranteed $736,500.

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 SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Petal MS, you ought to talk with a local Petal SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Petal businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Peoples Bank and they will explain how you can get an SBA loan for your company.

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:

The Art of Bootstrapping

Best Banks for Small Business in Magee, Mississippi

Getting an SBA Loan in Mississippi