Main Street Registry

Granados Farms

Tylertown, MS · Broilers and Other Meat Type Chicken Production · NAICS 112320

Granados Farms, located in Tylertown, Mississippi, operates in broiler and other meat type chicken production (NAICS 112320). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1 million, approved on July 30, 2024 through First Financial Bank.

SBA 7(a) loan, change of ownership, approved Jul 30, 2024

$1,000,000 approvedLender: First Financial Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,000,000
SBA-guaranteed amount
$750,000 (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
8.55%, fixed
Term
10 years (120 months)
Estimated maturity
July 30, 2034 (estimated, approval date plus term)
Estimated monthly payment
$12,425 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 7, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Individual
NAICS
112320, Broilers and Other Meat Type Chicken Production
Project location
Walthall County, MS
SBA district office
Mississippi District Office
Congressional district
MS-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 19% 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 Mississippi: $1,688,600.

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 Mississippi