Ceu Thang & Len Family Farm, LLC
Ceu Thang & Len Family Farm, LLC is a chicken egg production business located in Calhoun, Kentucky. It was financed with an SBA 7(a) loan for a change of ownership of $1,755,000, approved on July 22, 2024, through Renasant Bank.
SBA 7(a) loan, change of ownership, approved Jul 22, 2024
$1,755,000 approvedLender: Renasant Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,755,000
- SBA-guaranteed amount
- $1,316,250 (75% of the approval)
- Lender
- Renasant Bank, Tupelo, MS
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 22, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $16,570 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 6, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 112310, Chicken Egg Production
- Project location
- Mclean County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Chicken Egg Production: $1,772,833.
- Average acquisition loan in Kentucky: $1,988,993.
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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