Broilers and Other Meat Type Chicken Production acquisitions in North Carolina: SBA loan data
Since FY2018, SBA lenders have approved 28 7(a) loans to buy an existing business classified as Broilers and Other Meat Type Chicken Production in North Carolina, totaling $33.6M. The median loan was $892,500. That is 1.8% of the 1,575 acquisition loans in North Carolina.
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How this compares
The median Broilers and Other Meat Type Chicken Production loan in North Carolina is 12% higher than the $800,000 median for all North Carolina acquisitions, and 23% 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 2.1% of seasoned North Carolina acquisition loans of any type.
Broilers and Other Meat Type Chicken Production acquisition loans in North Carolina by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 6 | $7.5M | $1,229,000 | |
| FY2022 | 12 | $11.1M | $807,500 | |
| FY2023 | 5 | $5.6M | $732,000 | |
| FY2024 | 1 | $3.3M | $3,273,100 | |
| FY2025 | 2 | $1.7M | $869,000 | |
| FY2026 | 2 | $4.5M | $2,237,500 |
How often do these acquisition loans fail?
Fewer than 20 Broilers and Other Meat Type Chicken Production in North Carolina 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 | First Financial Bank | 20 | 71.4% | $17.8M | |
| 2 | Live Oak Banking Company | 8 | 28.6% | $15.8M |
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 North Carolina run?
The median SBA 7(a) loan was $892,500 across 28 loans (FY2018 to FY2026), with the middle half between $754,250 and $1,581,750. 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 North Carolina?
First Financial Bank (20), Live Oak Banking Company (8). 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 North Carolina?
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 North Carolina?
None of the 28 loans in this combination were recorded with a franchise brand.
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All North Carolina 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 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 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.