Main Street Registry

LaGrone Farms

Carthage, TX · Broilers and Other Meat Type Chicken Production · NAICS 112320

LaGrone Farms is located in Carthage, TX, and the SBA lists its industry as Broilers and Other Meat Type Chicken Production. It was approved for an SBA 7(a) loan of $585,000 for a change of ownership on December 23, 2024.

SBA 7(a) loan, change of ownership, approved Dec 23, 2024

Gross approval
$585,000
SBA-guaranteed amount
$438,750 (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
8.15%, fixed
Term
12 years (144 months)
Estimated maturity
December 23, 2036 (estimated, approval date plus term)
Estimated monthly payment
$6,381 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 7, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Individual
NAICS
112320, Broilers and Other Meat Type Chicken Production
Project location
Panola County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 Texas