Brothers L & D Farm, LLC
Brothers L & D Farm, LLC is a broiler and other meat type chicken production business located in Boaz, Alabama. The company was financed with an SBA 7(a) loan for a change of ownership of $998,000, approved on July 19, 2024 by Renasant Bank.
SBA 7(a) loan, change of ownership, approved Jul 19, 2024
$998,000 approvedLender: Renasant Bank25 years termPaid in fullLoan details
- Gross approval
- $998,000
- SBA-guaranteed amount
- $748,500 (75% of the approval)
- Lender
- Renasant Bank, Tupelo, MS
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 19, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $9,423 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 1, 2024
- Loan status
- Paid in full
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 112320, Broilers and Other Meat Type Chicken Production
- Project location
- Marshall County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 17% of acquisition loans in Broilers and Other Meat Type Chicken Production on this site.
- Average acquisition loan in Broilers and Other Meat Type Chicken Production: $1,906,719.
- Average acquisition loan in Alabama: $1,764,717.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Alabama
- New Hope Farm LLC, Columbia
- Sang Bik, Goshen
- Chan L Cung LLC, Alexander City
- Aurelia Plume Poultry Farm, Roanoke