Broilers and Other Meat Type Chicken Production acquisitions in Tennessee: SBA loan data
Since FY2018, SBA lenders have approved 14 7(a) loans to buy an existing business classified as Broilers and Other Meat Type Chicken Production in Tennessee, totaling $23.8M. The median loan was $1,329,300. That is 2.2% of the 624 acquisition loans in Tennessee.
Seller note standby terms and third-party consents are reviewed before closing.
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How this compares
The median Broilers and Other Meat Type Chicken Production loan in Tennessee is 65% higher than the $807,000 median for all Tennessee acquisitions, and 14% higher 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 2.8% of seasoned Tennessee acquisition loans of any type.
Broilers and Other Meat Type Chicken Production acquisition loans in Tennessee by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $1.8M | $1,827,000 | |
| FY2020 | 3 | $2.3M | $527,000 | |
| FY2021 | 2 | $3.1M | $1,527,500 | |
| FY2022 | 3 | $7.2M | $1,114,600 | |
| FY2023 | 2 | $1.4M | $679,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $1.9M | $1,905,000 | |
| FY2026 | 2 | $6.2M | $3,118,000 |
How often do these acquisition loans fail?
Fewer than 20 Broilers and Other Meat Type Chicken Production in Tennessee 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 7 | 50.0% | $12.8M | |
| 2 | First Financial Bank | 4 | 28.6% | $4.5M | |
| 3 | BankPlus | 3 | 21.4% | $6.4M |
Top franchise brands
No franchise brands recorded in this combination.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Questions buyers ask
How much do SBA loans for Broilers and Other Meat Type Chicken Production acquisitions in Tennessee run?
The median SBA 7(a) loan was $1,329,300 across 14 loans (FY2018 to FY2026). 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 Tennessee?
Live Oak Banking Company (7), First Financial Bank (4), BankPlus (3).
How often do Broilers and Other Meat Type Chicken Production acquisition loans fail in Tennessee?
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 Tennessee?
None of the 14 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 Tennessee 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 Alabama
- Broilers and Other Meat Type Chicken Production in Oklahoma
- Broilers and Other Meat Type Chicken Production in Louisiana
- Hotels and Motels in Tennessee
- Limited-Service Restaurants in Tennessee
- Full-Service Restaurants in Tennessee
- Insurance Agencies and Brokerages in Tennessee
- All Other Specialty Trade Contractors in Tennessee
- Offices of Certified Public Accountants in Tennessee
- Fitness and Recreational Sports Centers in Tennessee
- General Automotive Repair in Tennessee
Small samples move a lot: each loan in this combination is 7% of the count. Industry is the NAICS code the lender recorded. See the methodology.