Main Street Registry

Black Rock Physical Therapy, LLC

Grantsville, UT · Offices of Physical, Occupational and Speech Therapists, and Audiologists · NAICS 621340

Black Rock Physical Therapy, LLC, located in Grantsville, Utah, operates in the offices of physical, occupational and speech therapists, and audiologists. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $600,000, approved on January 10, 2024, through Northwest Bank.

SBA 7(a) loan, change of ownership, approved Jan 10, 2024

$600,000 approvedLender: Northwest Bank121 months termStatus not reported (SBA exemption)Loan details
Gross approval
$600,000
SBA-guaranteed amount
$450,000 (75% of the approval)
Lender
Northwest Bank, Boise, ID
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years, 1 month (121 months)
Estimated maturity
February 10, 2034 (estimated, approval date plus term)
Estimated monthly payment
$8,058 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 10, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
621340, Offices of Physical, Occupational and Speech Therapists, and Audiologists
Project location
Tooele County, UT
SBA district office
Utah District Office
Congressional district
UT-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 6% of acquisition loans in Offices of Physical, Occupational and Speech Therapists, and Audiologists on this site.
  • Average acquisition loan in Offices of Physical, Occupational and Speech Therapists, and Audiologists: $1,372,788.
  • Average acquisition loan in Utah: $1,761,092.

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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Same industry in Utah