Main Street Registry

Jeremy M Legendre

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

Jeremy M Legendre, located in Ellisville, Mississippi, operates in broiler and other meat-type chicken production (NAICS 112320). The business was financed with an SBA 7(a) loan for a change of ownership of $1,374,000, approved by BankPlus on January 3, 2024.

SBA 7(a) loan, change of ownership, approved Jan 3, 2024

$1,374,000 approvedLender: BankPlus185 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,374,000
SBA-guaranteed amount
$1,030,500 (75% of the approval)
Lender
BankPlus, Belzoni, MS
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
8.6%, fixed
Term
15 years, 5 months (185 months)
Estimated maturity
June 3, 2039 (estimated, approval date plus term)
Estimated monthly payment
$13,431 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 9, 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
Jones County, MS
SBA district office
Mississippi District Office
Congressional district
MS-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 45% 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Mississippi