Main Street Registry

Cung Farm

Prairie Grove, AR · Broilers and Other Meat Type Chicken Production · NAICS 112320

Cung Farm is located in Prairie Grove, AR, and the SBA lists its industry as Broilers and Other Meat Type Chicken Production. It was approved for an SBA 7(a) loan of $1,420,000 for a change of ownership on September 12, 2024.

SBA 7(a) loan, change of ownership, approved Sep 12, 2024

Gross approval
$1,420,000
SBA-guaranteed amount
$1,065,000 (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
7.5%, fixed
Term
15 years (180 months)
Estimated maturity
September 12, 2039 (estimated, approval date plus term)
Estimated monthly payment
$13,164 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 6, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Individual
NAICS
112320, Broilers and Other Meat Type Chicken Production
Project location
Washington County, AR
SBA district office
Arkansas District Office
Congressional district
AR-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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 Arkansas