Bar M Farms
Bar M Farms, located in Timpson, Texas, operates in the other poultry production industry (NAICS 112390). The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,047,500, approved on May 20, 2024 by First Financial Bank, with 2 jobs reported.
SBA 7(a) loan, change of ownership, approved May 20, 2024
$1,047,500 approvedLender: First Financial Bank15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,047,500
- SBA-guaranteed amount
- $785,625 (75% of the approval)
- Lender
- First Financial Bank, El Dorado, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.45%, fixed
- Term
- 15 years (180 months)
- Estimated maturity
- May 20, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $10,284 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 24, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Individual
- NAICS
- 112390, Other Poultry Production
- Project location
- Shelby County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Poultry Production: $1,072,300.
- Average acquisition loan in Texas: $1,944,682.
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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Same industry in Texas
- Sunshine Star Farm, LLC, Mineola