First South Farm Credit, ACA
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First South Farm Credit, ACA · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112320 | Broilers and Other Meat Type Chicken Production | 18 | $11.2M | $623K | 66.7% |
| 112310 | Chicken Egg Production | 8 | $4.1M | $513K | 29.6% |
| 112210 | Hog and Pig Farming | 1 | $357K | $357K | 3.7% |
Geographic Distribution
SBA lending activity for First South Farm Credit, ACA by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Mississippi (MS) | 17 | $13.1M | 63.0% |
| Alabama (AL) | 10 | $2.6M | 37.0% |
Why Choose First South Farm Credit, ACA?
Based on SBA 7(a) lending track record from 1995-2015
- ✓Proven Track Record: 27 SBA loans approved, totaling $15.7M in financing
- ✓Industry Expertise: Specialized focus on Broilers and Other Meat Type Chicken Production, Chicken Egg Production, Hog and Pig Farming
- ✓Competitive Terms: Average interest rate of 5.97% with flexible term lengths averaging 141 months
- ✓Loan Range: Loan sizes from $10K to $1.8M, with an average of $581K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MS, AL
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about First South Farm Credit, ACA SBA lending
What types of businesses does First South Farm Credit, ACA typically finance?
First South Farm Credit, ACA specializes in SBA 7(a) lending to specific industries including broilers and other meat type chicken production, chicken egg production, hog and pig farming. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First South Farm Credit, ACA's typical SBA loan terms?
First South Farm Credit, ACA's SBA 7(a) loans typically feature an average interest rate of 5.97% and average term length of 141 months (approximately 12 years). Loan sizes range from $10K to $1.8M, with an average loan size of $581K.
Do I need a business valuation for a First South Farm Credit, ACA SBA loan?
Yes, First South Farm Credit, ACA typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does First South Farm Credit, ACA compare to other SBA lenders?
First South Farm Credit, ACA has originated 27 SBA loans totaling $15.7M since 1995. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does First South Farm Credit, ACA lend in?
First South Farm Credit, ACA provides SBA 7(a) financing with particularly strong presence in MS, AL. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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