B & H Farms, LLC
B & H Farms, LLC is located in Immokalee, Florida, and is classified under NAICS 111219, Other Vegetable (except Potato) and Melon Farming. The company financed real estate or equipment through an SBA 504 loan of $1,630,000, with Florida First Capital Finance Corporation, Inc. as the certified development company and Achieva CU as the lender, approved on January 9, 2024.
SBA 504 loan, approved Jan 9, 2024
$1,630,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,630,000
- Bank portion
- $2,274,000
- Estimated project size
- $4,337,778 (estimated)
- Estimated owner equity
- $433,778 (estimated, about 10% of the project)
- Bank lender
- Achieva CU, Dunedin, FL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 9, 2049 (estimated, approval date plus term)
- First disbursement
- May 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 240
- Business type
- Corporation
- NAICS
- 111219, Other Vegetable (except Potato) and Melon Farming
- Project location
- Hendry County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-25
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in Other Vegetable (except Potato) and Melon Farming: $1,355,500.
- Average expansion loan in Florida: $2,058,496.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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