Broilers and Other Meat Type Chicken Production acquisitions in Alabama: SBA loan data
Since FY2018, SBA lenders have approved 24 7(a) loans to buy an existing business classified as Broilers and Other Meat Type Chicken Production in Alabama, totaling $29.5M. The median loan was $1,017,000. That is 5.0% of the 476 acquisition loans in Alabama.
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How this compares
The median Broilers and Other Meat Type Chicken Production loan in Alabama is 29% higher than the $787,850 median for all Alabama acquisitions, and 12% lower than the $1,161,000 median for Broilers and Other Meat Type Chicken Production acquisitions nationwide (254 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 4.7% of seasoned Broilers and Other Meat Type Chicken Production acquisition loans were charged off, and 3.5% of seasoned Alabama acquisition loans of any type.
Broilers and Other Meat Type Chicken Production acquisition loans in Alabama by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $2.2M | $2,200,000 | |
| FY2020 | 1 | $2.1M | $2,094,000 | |
| FY2021 | 2 | $3.4M | $1,718,350 | |
| FY2022 | 7 | $6.3M | $724,000 | |
| FY2023 | 7 | $7.9M | $998,000 | |
| FY2024 | 3 | $5.1M | $1,698,900 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 3 | $2.4M | $553,100 |
How often do these acquisition loans fail?
Fewer than 20 Broilers and Other Meat Type Chicken Production in Alabama acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | BankPlus | 10 | 41.7% | $13.7M | |
| 2 | First Financial Bank | 4 | 16.7% | $3.1M | |
| 3 | Metro City Bank | 2 | 8.3% | $4.5M | |
| 4 | Live Oak Banking Company | 2 | 8.3% | $2.4M | |
| 5 | Stone Bank | 2 | 8.3% | $981K |
Top franchise brands
No franchise brands recorded in this combination.
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for Broilers and Other Meat Type Chicken Production acquisitions in Alabama run?
The median SBA 7(a) loan was $1,017,000 across 24 loans (FY2018 to FY2026), with the middle half between $588,275 and $1,797,675. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Broilers and Other Meat Type Chicken Production acquisitions in Alabama?
BankPlus (10), First Financial Bank (4), Metro City Bank (2), Live Oak Banking Company (2), Stone Bank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Broilers and Other Meat Type Chicken Production acquisition loans fail in Alabama?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Broilers and Other Meat Type Chicken Production acquisitions in Alabama?
None of the 24 loans in this combination were recorded with a franchise brand.
The purchase agreement decides what you bought, not the loan approval.
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Related
- All Alabama acquisitions
- Broilers and Other Meat Type Chicken Production nationally
- Broilers and Other Meat Type Chicken Production in Georgia
- Broilers and Other Meat Type Chicken Production in Arkansas
- Broilers and Other Meat Type Chicken Production in Mississippi
- Broilers and Other Meat Type Chicken Production in North Carolina
- Broilers and Other Meat Type Chicken Production in Tennessee
- Broilers and Other Meat Type Chicken Production in Oklahoma
- Broilers and Other Meat Type Chicken Production in Louisiana
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Small samples move a lot: each loan in this combination is 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.