AKR Senior Care, LLC
AKR Senior Care, LLC, located in Wheaton, IL, operates in the services for the elderly and persons with disabilities industry (NAICS 624120). The company was financed with an SBA 7(a) loan for a change of ownership of $1,075,000 from Live Oak Banking Company, approved on June 24, 2025. The loan is associated with a franchise, ComForCare Home Care and At Your Side Home Care, and the company reported 6 jobs.
SBA 7(a) loan, change of ownership, approved Jun 24, 2025
$1,075,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,075,000
- SBA-guaranteed amount
- $806,250 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.85%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 24, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,531 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 624120, Services for the Elderly and Persons with Disabilities
- Franchise
- ComForCare Home Care and At Your Side Home Care
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 35% of acquisition loans in Services for the Elderly and Persons with Disabilities on this site.
- Average acquisition loan in Services for the Elderly and Persons with Disabilities: $1,718,785.
- Average acquisition loan in Illinois: $1,796,780.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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