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May 14, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Ridgeland, Business Loans > First South Production Credit Ridgeland Business Loans > Broiler, Fryer, And Roaster Chickens Loan | ||||
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Raising Money in Pulaski, Mississippi With SBA Loans
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Pulaski, Mississippi Entrepreneur Gets a Business LoanMississippiBank loans are available to Mississippi firms through the SBA. In this case, a Mississippi bank provides the loan. By giving the right information to First South Production Credit, this Pulaski, Mississippi business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS SBA Loan Lender FIRST SOUTH PRODUCTION CREDIT SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program. 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 8/26/2005 Loan Approval Gross Amount $888,000 Loan Approval from the SBA Of the total $888,000 loan amount, the SBA guaranteed $666,000. 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 4 employees. This SBA loan request did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Family and Friend Investors - Your First Financiers Best Banks for Small Business in Ridgeland, Mississippi
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