New Hope Farm LLC
New Hope Farm LLC is a broiler and other meat type chicken production business located in Columbia, Alabama. The company was financed with an SBA 7(a) loan for a change of ownership of $1.43 million, approved on January 29, 2026, by First Financial Bank.
SBA 7(a) loan, change of ownership, approved Jan 29, 2026
$1,430,000 approvedLender: First Financial Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,430,000
- SBA-guaranteed amount
- $1,072,500 (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
- 7.8%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- January 29, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $17,199 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 18, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 112320, Broilers and Other Meat Type Chicken Production
- Project location
- Henry County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 52% 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 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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