Huai Family Farm LLC
Huai Family Farm LLC is a broiler and other meat type chicken production business located in Montezuma, Georgia. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,300,000, approved by Renasant Bank on April 11, 2024.
SBA 7(a) loan, change of ownership, approved Apr 11, 2024
$1,300,000 approvedLender: Renasant Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,300,000
- SBA-guaranteed amount
- $975,000 (75% of the approval)
- Lender
- Renasant Bank, Tupelo, MS
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- April 11, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $12,274 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 112320, Broilers and Other Meat Type Chicken Production
- Project location
- Dooly County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 43% 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 Georgia: $2,017,638.
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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