Broilers and Other Meat Type Chicken Production acquisitions in Mississippi: SBA loan data
NAICS 112320: This industry comprises establishments primarily engaged in raising broilers, fryers, roasters, and other meat type chickens.
Since FY2018, SBA lenders have approved 37 7(a) loans to buy an existing business classified as Broilers and Other Meat Type Chicken Production in Mississippi, totaling $42.6M. The median loan was $1,126,600. That is 10.5% of the 354 acquisition loans in Mississippi.
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How this compares
The median Broilers and Other Meat Type Chicken Production loan in Mississippi is 71% higher than the $658,500 median for all Mississippi acquisitions, and in line with 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 2.6% of seasoned Mississippi acquisition loans of any type.
Broilers and Other Meat Type Chicken Production acquisition loans in Mississippi by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $2M | $2,023,800 | |
| FY2020 | 2 | $3.9M | $1,933,000 | |
| FY2021 | 4 | $3.9M | $845,400 | |
| FY2022 | 6 | $5.8M | $922,700 | |
| FY2023 | 11 | $10.2M | $895,000 | |
| FY2024 | 4 | $5.8M | $1,380,500 | |
| FY2025 | 2 | $1.6M | $796,000 | |
| FY2026 | 7 | $9.3M | $1,227,800 |
How often do these acquisition loans fail?
Fewer than 20 Broilers and Other Meat Type Chicken Production in Mississippi 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 | Trustmark Bank | 14 | 37.8% | $14.5M | |
| 2 | First Financial Bank | 8 | 21.6% | $6.5M | |
| 3 | BankPlus | 7 | 18.9% | $8.9M | |
| 4 | Live Oak Bank | 3 | 8.1% | $4.9M | |
| 5 | The Citizens National Bank of Meridian | 2 | 5.4% | $3.3M |
Top franchise brands
No franchise brands recorded in this combination.
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Broilers and Other Meat Type Chicken Production acquisitions in Mississippi run?
The median SBA 7(a) loan was $1,126,600 across 37 loans (FY2018 to FY2026), with the middle half between $818,000 and $1,475,000. 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 Mississippi?
Trustmark Bank (14), First Financial Bank (8), BankPlus (7), Live Oak Bank (3), The Citizens National Bank of Meridian (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 Mississippi?
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 Mississippi?
None of the 37 loans in this combination were recorded with a franchise brand.
That draft favors the seller. We review it for the buyer, line by line.
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Related
- All Mississippi 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 North Carolina
- Broilers and Other Meat Type Chicken Production in Alabama
- 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 3% of the count. Industry is the NAICS code the lender recorded. See the methodology.