Allcare Medical Clinic, Inc
Allcare Medical Clinic, Inc is located in Renton, WA and operates in the offices of physicians (except mental health specialists) industry. It was financed with an SBA 7(a) loan for a change of ownership of $564,700, approved on July 18, 2025 through Happen Bank.
SBA 7(a) loan, change of ownership, approved Jul 18, 2025
$564,700 approvedLender: Happen Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $564,700
- SBA-guaranteed amount
- $423,525 (75% of the approval)
- Lender
- Happen Bank, Lehi, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 18, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,230 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 621111, Offices of Physicians (except Mental Health Specialists)
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 6% of acquisition loans in Offices of Physicians (except Mental Health Specialists) on this site.
- Average acquisition loan in Offices of Physicians (except Mental Health Specialists): $1,706,191.
- Average acquisition loan in Washington: $1,784,595.
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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