Iron Poultry LLC
Iron Poultry LLC is located in Mooresboro, NC, and the SBA lists its industry as Broilers and Other Meat Type Chicken Production. It was approved for an SBA 7(a) loan of $1,593,000 for a change of ownership on October 30, 2024.
SBA 7(a) loan, change of ownership, approved Oct 30, 2024
- Gross approval
- $1,593,000
- SBA-guaranteed amount
- $1,194,750 (75% of the approval)
- Lender
- First Financial Bank, El Dorado, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.35%, fixed
- Term
- 15 years (180 months)
- Estimated maturity
- October 30, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $15,547 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 10, 2024
- Loan status
- Paid in full
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 112320, Broilers and Other Meat Type Chicken Production
- Project location
- Cleveland County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 57% of acquisition loans in Broilers and Other Meat Type Chicken Production on this site.
- Average acquisition loan in Broilers and Other Meat Type Chicken Production: $1,906,719.
- Average acquisition loan in North Carolina: $1,952,444.
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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Same industry in North Carolina
- Wyse Fork Poultry LLC, Dover
- Mang and Hlei General Partnership, Shannon
- Scott & Sons Broiler Farm, LLC, Dover