Main Street Registry

Lal Mak Kim

Petal, MS · Broilers and Other Meat Type Chicken Production · NAICS 112320

Lal Mak Kim is a broiler and other meat type chicken production business located in Petal, Mississippi. The company was financed with an SBA 7(a) loan for a change of ownership of $2.0 million, approved on April 24, 2026, by The Citizens National Bank of Meridian.

SBA 7(a) loan, change of ownership, approved Apr 24, 2026

$2,041,400 approvedLender: The Citizens National Bank of Meridian20 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,041,400
SBA-guaranteed amount
$1,531,050 (75% of the approval)
Lender
The Citizens National Bank of Meridian, Meridian, MS
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
20 years (240 months)
Estimated maturity
April 24, 2046 (estimated, approval date plus term)
Estimated monthly payment
$18,040 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 1, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Individual
NAICS
112320, Broilers and Other Meat Type Chicken Production
Project location
Perry County, MS
SBA district office
Mississippi District Office
Congressional district
MS-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 67% 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 Mississippi: $1,688,600.

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 Mississippi