The amount guaranteed is subject to negotiation between the FDC and the lender. loan guarantees per year and target an average guarantee amount of $250,000 per transaction. â¢ Term: The maximum guarantee term is seven years, and the average term is about three years.
In New Iberia, LA the median home price is $103,400 and $40,117 is the median household income. As a result, the home price to income ratio in New Iberia, LA is 2.6x, which is 17% lower than the Louisiana average.
The sugar refinery is off of Louisiana 877 to the north of New Iberia. The mill employs 60 people year around and 75 people during the grinding season, Gonsoulin said. About 80 farms and 400 land owners are affected by the closure.