D & B Farm LLC
D & B Farm LLC is a broiler chicken production business in Leesville, South Carolina, classified under NAICS code 112320 (Broilers and Other Meat Type Chicken Production). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $690,000, approved on August 1, 2024, through First Financial Bank.
SBA 7(a) loan, change of ownership, approved Aug 1, 2024
- Gross approval
- $690,000
- SBA-guaranteed amount
- $517,500 (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
- 8.55%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- August 1, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,573 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 112320, Broilers and Other Meat Type Chicken Production
- Project location
- Lexington County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 3% 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 South Carolina: $1,827,509.
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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