Small Business Loans for Broilers and Meat Type
With these small business loans for broilers and meat type, the SBA guarantees the lender that the loan will be repaid. This broilers and meat type loan for $720,300 was given to a Mississippi entrepreneur in 2005.
This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Peoples Bank, out of Magee, Mississippi. The loan was granted and they received $720,300 to help grow their Waynesboro, Mississippi business.
SBA Loan Borrower
COMPANY TYPE: BROILERS AND MEAT TYPE
WAYNESBORO, MS 39367
SBA Loan Lender
PEOPLES BANK
611 5TH AVE
MAGEE, MS 39111
This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
112320 - Broilers and Meat Type
Loan Approval Date
3/31/2005
Loan Approval Gross Amount
$720,300
Loan Approval from the SBA
Of the total $720,300 loan amount, the SBA guaranteed $540,225.
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 only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.
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SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
We've showcased information on this loan to let you know that businesses like yours 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:
Obtaining Funding - Friends and Family
Banks in Magee, Mississippi
Mississippi SBA 7A Lenders