Main Street Registry

Golden Phoenix Farm LLC

San Augustine, TX · Broilers and Other Meat Type Chicken Production · NAICS 112320

Golden Phoenix Farm LLC is a broiler and meat-type chicken production business in San Augustine, Texas. It was financed with an SBA 7(a) loan for a change of ownership totaling $3,045,000, approved on April 23, 2024 by First Financial Bank.

SBA 7(a) loan, change of ownership, approved Apr 23, 2024

$3,045,000 approvedLender: First Financial Bank15 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,045,000
SBA-guaranteed amount
$2,283,750 (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
8.45%, fixed
Term
15 years (180 months)
Estimated maturity
April 23, 2039 (estimated, approval date plus term)
Estimated monthly payment
$29,896 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 10, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
112320, Broilers and Other Meat Type Chicken Production
Project location
San Augustine County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 78% 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 Texas: $1,944,682.

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 Texas