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Poultry is one of the most progressive animal enterprises in the industry today. Since poultry has already proven to be lucrative business, you may now be willing to start a farm for your new source of income. Listed below is our top 9 banks that can help you in starting up this business:
1) First Financial Bank — EL DORADO, AR
158 loans, $758,077 average loan, average interest rate of 6.3%
First Financial Bank is one of the nation’s leading poultry lenders. They offer a vast working knowledge for poultry industry and knows how to customize terms that are suited according to the poultry farmer’s unique needs.
2) Live Oak Banking Company — WILMINGTON, NC
114 loans, $2,037,618 average loan, average interest rate of 6.2%
Live Oak Bank’s mission is to create an unprecedented banking experience for small business owners nationwide, through service and technology. They offer competitive rates and loan terms that’s why there’s no surprise that they’re #1 for Poultry SBA Loans.
3) Community Bank of Mississippi — Forest, MS
20 loans, $279,741 average loan, average interest rate of 5.1%
Community Bank is experienced in working with all of the SBA’s programs and would like to put that experience to work for you. Call or come by Community Bank today and let them help with a loan that’s just right for you. You’re sure to see that we take you and your business seriously – and it shows.
4) BankPlus — Belzoni, MS
7 loans, $779,054 average loan, average interest rate of 6.6%
Depending upon the business unique need, BankPlus lenders will structure a loan or loans to help your company thrive. BankPlus is especially committed and has the expertise to serve the needs of the small businessperson whose sales are between $500,000 and $5,000,000.
Still undecided? Here’s our complete list of banks to help you further:
| Rank | Bank | City | State | # of Loans | Avg Loan $ | Avg Int |
|---|---|---|---|---|---|---|
| 1 | First Financial Bank | El Dorado | AR | 48 | $798,483 | 6.9% |
| 2 | Live Oak | Wilmington | NC | 8 | $1,206,250 | 6.6% |
| 3 | Community Bank of Mississippi | Forest | MS | 7 | $115,143 | 6.1% |
| 4 | Duluth | GA | 7 | $1,149,143 | 6.9% | |
| 5 | BankPlus | Belzoni | MS | 5 | $425,820 | 6.9% |