Vang and Za Farms
Vang and Za Farms in Rison, Arkansas operates in the other poultry production industry (NAICS 112390). The business was financed with an SBA 7(a) loan for a change of ownership of $2.4 million, approved on January 16, 2024 by First Financial Bank.
SBA 7(a) loan, change of ownership, approved Jan 16, 2024
$2,428,000 approvedLender: First Financial Bank15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,428,000
- SBA-guaranteed amount
- $1,821,000 (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
- January 16, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $23,981 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 6, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Individual
- NAICS
- 112390, Other Poultry Production
- Project location
- Cleveland County, AR
- SBA district office
- Arkansas District Office
- Congressional district
- AR-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Poultry Production: $1,072,300.
- Average acquisition loan in Arkansas: $2,003,702.
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 Arkansas
- Din Farm, Pocahontas