Chicken Legacy, LLC
Chicken Legacy, LLC is located in Trussville, AL, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $657,000 for a change of ownership on November 12, 2024.
SBA 7(a) loan, change of ownership, approved Nov 12, 2024
- Gross approval
- $657,000
- SBA-guaranteed amount
- $492,750 (75% of the approval)
- Lender
- ServisFirst Bank, Birmingham, AL
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 12, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,146 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 4, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Franchise
- Guthrie's
- Project location
- Jefferson County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 22% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- 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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