Balanced Beasts Heath and Wellness, P.C.
Balanced Beasts Heath and Wellness, P.C. is located in Woodstock, IL, and the SBA lists its industry as Veterinary Services. It was approved for an SBA 7(a) loan of $804,600 for a change of ownership on November 29, 2024.
SBA 7(a) loan, change of ownership, approved Nov 29, 2024
- Gross approval
- $804,600
- SBA-guaranteed amount
- $603,450 (75% of the approval)
- Lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 29, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $7,030 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 541940, Veterinary Services
- Project location
- Mchenry County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 14% of acquisition loans in Veterinary Services on this site.
- Average acquisition loan in Veterinary Services: $1,742,169.
- 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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