Broadbent Farms LLC
Broadbent Farms LLC, located in Kuttawa, Kentucky, operates in the All Other Specialty Food Retailers industry (NAICS 445298). The company was financed with an SBA 7(a) loan for a change of ownership of $4 million, approved on June 24, 2024 by The Huntington National Bank, with 17 jobs reported.
SBA 7(a) loan, change of ownership, approved Jun 24, 2024
$4,000,000 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,000,000
- SBA-guaranteed amount
- $3,000,000 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.99%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- June 24, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $33,540 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 26, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 445298, All Other Specialty Food Retailers
- Project location
- Lyon County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 90% of acquisition loans in All Other Specialty Food Retailers on this site.
- Average acquisition loan in All Other Specialty Food Retailers: $1,581,762.
- Average acquisition loan in Kentucky: $1,988,993.
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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