Backyard Specialty Pet Foods, LLC
Backyard Specialty Pet Foods, LLC, located in Easley, South Carolina, operates in the other animal food manufacturing industry (NAICS 311119). The company financed real estate or equipment through an SBA 504 loan of $1,262,000, with TowneBank as the bank partner and Provident Business Financial Services, Inc. as the certified development company, approved on February 5, 2024.
SBA 504 loan, approved Feb 5, 2024
$1,262,000 SBA portionCDC: Provident Business Financial Services, Inc.20 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,262,000
- Bank portion
- $1,247,000
- Estimated project size
- $2,787,778 (estimated)
- Estimated owner equity
- $278,778 (estimated, about 10% of the project)
- Bank lender
- TowneBank, Portsmouth, VA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 20 years (240 months)
- Estimated maturity
- February 5, 2044 (estimated, approval date plus term)
- First disbursement
- Apr 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 311119, Other Animal Food Manufacturing
- Project location
- Pickens County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-3
- Collateral
- Yes
Estimated share of project by source
Bank 45% SBA (CDC) 45% Owner 10%
- Average expansion loan in Other Animal Food Manufacturing: $1,316,000.
- Average expansion loan in South Carolina: $2,088,205.
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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