Alex Ceu Thawng
Alex Ceu Thawng is an other poultry production business in Cullman, Alabama, classified under NAICS 112390. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $610,000 approved on March 1, 2024 by BankFirst Financial Services.
SBA 7(a) loan, change of ownership, approved Mar 1, 2024
$610,000 approvedLender: BankFirst Financial Services20 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $610,000
- SBA-guaranteed amount
- $457,500 (75% of the approval)
- Lender
- BankFirst Financial Services, Columbus, MS
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.99%, variable
- Term
- 20 years (240 months)
- Estimated maturity
- March 1, 2044 (estimated, approval date plus term)
- Estimated monthly payment
- $5,484 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 8, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Individual
- NAICS
- 112390, Other Poultry Production
- Project location
- Cullman County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Poultry Production: $1,072,300.
- Average acquisition loan in Alabama: $1,764,717.
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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