Lynch Farms
Lynch Farms, located in Farmerville, Louisiana, is classified in the broilers and other meat type chicken production industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,168,000, approved on December 12, 2023, through First Financial Bank.
SBA 7(a) loan, change of ownership, approved Dec 12, 2023
$1,168,000 approvedLender: First Financial Bank15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,168,000
- SBA-guaranteed amount
- $876,000 (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
- 15 years (180 months)
- Estimated maturity
- December 12, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $11,536 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 21, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Individual
- NAICS
- 112320, Broilers and Other Meat Type Chicken Production
- Project location
- Union County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 33% 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 Louisiana: $1,702,056.
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 Louisiana
- A&h Family Farm LLC, Simsboro