Cherry Fork Feed & Supplies LLC
Cherry Fork Feed & Supplies LLC is located in Winchester, OH, and the SBA lists its industry as Nursery, Garden Center, and Farm Supply Retailers. It was approved for an SBA 7(a) loan of $867,700 for a change of ownership on November 20, 2024.
SBA 7(a) loan, change of ownership, approved Nov 20, 2024
- Gross approval
- $867,700
- SBA-guaranteed amount
- $650,775 (75% of the approval)
- Lender
- Community Trust Bank, Inc., Pikeville, KY
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.75%, fixed
- Term
- 20 years (240 months)
- Estimated maturity
- November 20, 2044 (estimated, approval date plus term)
- Estimated monthly payment
- $7,123 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 9, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 444240, Nursery, Garden Center, and Farm Supply Retailers
- Project location
- Adams County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 50% of acquisition loans in Nursery, Garden Center, and Farm Supply Retailers on this site.
- Average acquisition loan in Nursery, Garden Center, and Farm Supply Retailers: $1,340,850.
- Average acquisition loan in Ohio: $1,840,340.
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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