Live Oak Bank’s agriculture lending team strives to provide hard-working Americans with the ability to own their own small business.
We met Iraq War Veteran, Matt Anglin, in 2015 when he received a loan to construct six poultry houses in Mississippi.
With the success of his poultry business, Matt applied for his second loan with Live Oak Bank in 2016 for an expansion. We caught up with Matt and learned that his business is steadily growing and that being a poultry farmer is everything he ever dreamed of.
Q: What motivated you to apply for a second loan from Live Oak to build additional poultry houses?
A: “Live Oak Bank was so easy to deal with during our initial loan to purchase land and build six poultry houses that we never gave it a second thought when we decided to build four additional houses. Live Oak made the whole experience so much easier and walked us through every step of the way. Live Oak believed in us and gave us a chance.”
Q: What struggles have you faced as a small business owner?
A: “It is a constant struggle to stay up-to-date on the latest technology in our industry and learn whether the new technology is feasible for our operation or not. We have learned a lot about the poultry industry and how to keep the business end of things going well. Every day brings new challenges, but with Live Oak’s guidance, it has made it so much easier.”
Q: What have you learned from running your own business?
A: “As a small business owner, we have learned that being consistent in our day-to-day operations has helped make us better poultry famers. We have also learned how to manage our time more efficiently. We have four children and three that are in school, so between running the farm and a family, my wife and I stay busy and every minute is valuable.”
Q: How has your business grown since you first partnered with Live Oak?
A: “We initially started out with 100 acres of land and built six new poultry houses with Live Oak. Since then we have purchased an additional 80 acres and are in the building phase on four new poultry houses.”
Q: Where do you see yourself/your business in the next five to ten years?
A: “I have a great outlook on our future. With the farm, we are always looking for new ways to produce our chickens efficiently. We are looking into installing solar panels on all ten of the poultry houses and researching new technology for heating them. We are also considering branching out into some other agriculture-based business.”
Q: If you could do anything else as a career, what would it be and why?
A: “After giving this a lot of thought I don’t think I would want to do anything else. It has been my lifelong dream to own and operate a poultry/cattle farm, and, like I said, I’m just living my dream and wouldn’t change anything. I can be at home with my family and make a better living for them.”
Learn more about Matt’s story.