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Scott & Sons Broiler Farm, LLC

Dover, NC · Broilers and Other Meat Type Chicken Production · NAICS 112320

Scott & Sons Broiler Farm, LLC is a business in Dover, North Carolina, in the broilers and other meat type chicken production industry (NAICS 112320). It was financed with an SBA 7(a) loan for a change of ownership of $3,273,100, approved on May 24, 2024 by Live Oak Banking Company, and the loan is reported with 4 jobs.

SBA 7(a) loan, change of ownership, approved May 24, 2024

$3,273,100 approvedLender: Live Oak Banking Company20 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,273,100
SBA-guaranteed amount
$2,454,825 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
20 years (240 months)
Estimated maturity
May 24, 2044 (estimated, approval date plus term)
Estimated monthly payment
$28,405 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
112320, Broilers and Other Meat Type Chicken Production
Project location
Jones County, NC
SBA district office
North Carolina District Office
Congressional district
NC-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 81% 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 North Carolina: $1,952,444.

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 North Carolina