Allay Senior Care Pittsburgh LLC
Allay Senior Care Pittsburgh LLC, located in Turtle Creek, Pennsylvania, operates in the nursing care facilities (skilled nursing facilities) industry under NAICS code 623110. The company was financed with an SBA 7(a) loan for a change of ownership of $1.9 million, approved on December 21, 2023 by Stearns Bank National Association.
SBA 7(a) loan, change of ownership, approved Dec 21, 2023
$1,900,000 approvedLender: Stearns Bank National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,900,000
- SBA-guaranteed amount
- $1,425,000 (75% of the approval)
- Lender
- Stearns Bank National Association, Saint Cloud, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- December 21, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $15,299 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 27, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- Allegheny County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-18
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 59% of acquisition loans in Nursing Care Facilities (Skilled Nursing Facilities) on this site.
- Average acquisition loan in Nursing Care Facilities (Skilled Nursing Facilities): $2,015,509.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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