Main Street Registry

LaGrone Farms

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

LaGrone Farms, located in Carthage, Texas, 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 $585,000, approved on December 23, 2024, through First Financial Bank.

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

$585,000 approvedLender: First Financial Bank12 years termStatus not reported (SBA exemption)Loan details
Gross approval
$585,000
SBA-guaranteed amount
$438,750 (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
8.15%, fixed
Term
12 years (144 months)
Estimated maturity
December 23, 2036 (estimated, approval date plus term)
Estimated monthly payment
$6,381 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 7, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Individual
NAICS
112320, Broilers and Other Meat Type Chicken Production
Project location
Panola 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 2% 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