TJ Farms, L.L.C.
TJ Farms, L.L.C. is located in Henry, SD, and the SBA lists its industry as Beef Cattle Ranching and Farming. It was approved for an SBA 504 loan ($1,378,000 SBA portion) on October 21, 2023 to finance real estate or equipment.
SBA 504 loan, approved Oct 21, 2023
- SBA (CDC) portion
- $1,378,000
- Bank portion
- $1,423,724
- Estimated project size
- $3,113,027 (estimated)
- Estimated owner equity
- $311,303 (estimated, about 10% of the project)
- Bank lender
- The First National Bank in Sioux Falls, Sioux Falls, SD
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- October 21, 2048 (estimated, approval date plus term)
- First disbursement
- Jun 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Individual
- NAICS
- 112111, Beef Cattle Ranching and Farming
- Project location
- Codington County, SD
- SBA district office
- South Dakota District Office
- Congressional district
- SD-0
- Collateral
- Yes
Estimated share of project by source
Bank 46% SBA (CDC) 44% Owner 10%
- Average expansion loan in Beef Cattle Ranching and Farming: $1,281,500.
- Average expansion loan in South Dakota: $2,152,356.
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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