Borrowing Money for Broilers and Meat Type

Looking for bank loans for broilers and meat type? Try the SBA. This $197,400 broilers and meat type loan was issued by a Mississippi bank.

This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Peoples Bank, out of Magee, Mississippi. The loan was granted and they received $197,400 to help grow their Pinola, Mississippi business.

SBA Loan Borrower

COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS
PINOLA, MS 39149

SBA Loan Lender

PEOPLES BANK
611 5TH AVE
MAGEE, MS 39111

This SBA small 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.

SIC Code

0251 - Broiler, Fryer, and Roaster Chickens

NAICS Code

112320 - Broilers and Meat Type

Loan Approval Date

8/15/2001

Loan Approval Gross Amount

$197,400

Loan Approval from the SBA

Of the total $197,400 loan amount, the SBA guaranteed $148,050.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned 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?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Peoples Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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:

Equity Financing

Small Business Banks in Magee, Mississippi

Getting a Business Loan in Mississippi