Thompson Farm Supply, LLC
Thompson Farm Supply, LLC, located in Caledonia, Missouri, operates in the farm supplies merchant wholesalers industry (NAICS 424910). The company was financed with an SBA 7(a) loan for a change of ownership, totaling $1,192,500, approved by Belgrade State Bank on December 26, 2023.
SBA 7(a) loan, change of ownership, approved Dec 26, 2023
- Gross approval
- $1,192,500
- SBA-guaranteed amount
- $894,375 (75% of the approval)
- Lender
- Belgrade State Bank, Belgrade, MO
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 26, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $11,904 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 8, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 424910, Farm Supplies Merchant Wholesalers
- Project location
- Washington County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 42% of acquisition loans in Farm Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Farm Supplies Merchant Wholesalers: $1,495,375.
- Average acquisition loan in Missouri: $1,584,414.
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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