Brown Farms Sod, LLC
Brown Farms Sod, LLC is a business in Collinsville, OK, in the nursery and tree production industry (NAICS 111421). The company was financed with an SBA 7(a) loan for a change of ownership, approved on January 16, 2026 by Live Oak Banking Company, in the amount of $4,644,000.
SBA 7(a) loan, change of ownership, approved Jan 16, 2026
$4,644,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,644,000
- SBA-guaranteed amount
- $3,483,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 16, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $35,077 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 6, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 111421, Nursery and Tree Production
- Project location
- Rogers County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Nursery and Tree Production: $3,004,933.
- Average acquisition loan in Oklahoma: $1,861,759.
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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