Apex Adult Family Homes and Rehab LLC
Apex Adult Family Homes and Rehab LLC, located in Edmonds, Washington, operates in the continuing care retirement communities industry (NAICS 623311). The company was financed with an SBA 7(a) loan for a change of ownership of $1,840,500, provided by Evolve Bank and Trust and approved on June 27, 2025. The loan supported 6 jobs.
SBA 7(a) loan, change of ownership, approved Jun 27, 2025
$1,840,500 approvedLender: Evolve Bank and Trust25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,840,500
- SBA-guaranteed amount
- $1,380,375 (75% of the approval)
- Lender
- Evolve Bank and Trust, West Memphis, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 27, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $15,762 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 10, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 623311, Continuing Care Retirement Communities
- Project location
- Snohomish County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Continuing Care Retirement Communities: $1,840,500.
- 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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