Livestock Companies Tie for Biggest SBA Loans of FY18


Livestock Companies Tie for Biggest SBA Loans of FY18

Last month we listed U.S. Small Business Administration lenders ranked by the total value of SBA-guaranteed loans made in Arkansas in fiscal 2018.

SBA loans can be sliced and diced in other ways, thanks to publicly available data.

For instance, we know that the total number of SBA loans in Arkansas grew by 5% in fiscal 2018, from 344 to 362. (The federal fiscal year ends Sept. 30.)

And the total value of those loans grew by 5.9%, from $202.4 million to $214.3 million.

Three counties accounted for more than 45% of the loan total: Benton ($33.3 million), Washington ($32.4 million) and Pulaski ($32.2 million).

While the average SBA loan in Arkansas last year was just shy of $600,000, the smallest was only $5,800.

And there was a tie for the biggest SBA-guaranteed loans in Arkansas last year, both of them agricultural.

Min Dat Ngo and Tran Thi Diem Truong of Benton County received $5 million from Arvest Bank for a chicken operation (officially “broilers and other meat type”).

McDonald Mountain Farm LLC of Pope County received $5 million from First Financial Bank of El Dorado for “hog and pig farming.”