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Since 2010, poultry growers have taken out more than 3,000 loans backed by the SBA, totaling $2.9 billion, according to an analysis of SBA loan data by the Midwest Center for Investigative Reporting.
Building a chicken farm isn’t cheap, with the average 40-by-500-foot ventilated barn costing about $300,000. Which is why many poultry … ...
Building a broiler house to get into the business of raising chickens is at best about a $300,000 to $350,000 proposition. Small Business Administration loans have become an integral financing option.
Poultry growers who raise birds for meat under contract with large processing companies would not be eligible to receive U.S. Small Business Administration 7(a) program financing under a proposed ...
The SBA was founded as a federal agency in 1953 to “aid, counsel, assist, and protect the interests of small business concerns” while its OIG exists to “provide independent, objective ...
Poultry lending has been on an upswing for several years, with SBA financing playing a critical role in the increase. The volume of 7(a) poultry loans made in fiscal 2016 was $534 million, an amount ...
The SBA has not provided updated statistics on the size of its poultry lending portfolio, but according to the agency’s inspector general office, it totaled $534 million in fiscal-year 2016. In its ...
An SBA Office of the Inspector General report says large chicken processors effectively benefit from small business loans that go to farmers the processors control through contracts and economics.
More than 22 million commercially raised U.S. chickens and turkeys have been killed since February due to outbreaks of a highly lethal type of bird flu, U.S. Department of Agriculture data shows.
Poultry flocks infected with bird flu are culled to prevent the spread of the virus whereas culling wild birds is generally not feasible, contrary to posts online that suggest only domesticated ...
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