Central Arizona Hay, LLC
Central Arizona Hay, LLC is a hay farming business located in Peoria, Arizona, classified under NAICS code 111940. The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $500,000, approved by BOKF, National Association on October 29, 2024.
SBA 7(a) loan, change of ownership, approved Oct 29, 2024
$500,000 approvedLender: BOKF, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- BOKF, National Association, Tulsa, OK
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 29, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,199 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 7, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 111940, Hay Farming
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Hay Farming: $500,000.
- Average acquisition loan in Arizona: $1,690,811.
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.
Is this your company? Claim or correct this listing. See Corrections.