$4.95MM USDA Food Supply Chain (FSC) guaranteed loan to refinance interim loan, provide working capital and finance loan costs.
The interim bridge loan has a 60 day term, interest only, fixed at a 5% interest rate, the refinance undertaken by the Lender at its own
risk. The Borrower originally made an FSC guaranteed loan request to acquire a Custom Meats company, but this request could not be closed
and boarded by the 8/31/22 Purchase Sale Agreement (PSA), and the seller was unable or unwilling to change this date.
|Guaranty Type||USDA 90%|
|Loan Term||30 yrs|
|Participation Availability Amount||$0|
|Minimum Participation Amount||$0|
|Original Loan Amount||$4,950,000|
|Full Loan Documentation||Link|