Brightcare Management LLC
Brightcare Management LLC is located in Oak Park, IL, and the SBA lists its industry as Home Health Care Services. It was approved for an SBA 7(a) loan of $660,000 for a change of ownership on February 1, 2024.
SBA 7(a) loan, change of ownership, approved Feb 1, 2024
- Gross approval
- $660,000
- SBA-guaranteed amount
- $495,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 1, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,906 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 8, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 621610, Home Health Care Services
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 15% of acquisition loans in Home Health Care Services on this site.
- Average acquisition loan in Home Health Care Services: $1,778,546.
- 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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Same industry in Illinois
- 24-7 Brightstar Operations, LLC, Northbrook
- Ck-Caregivers, LLC, Peoria
- Brightcare Home Services LLC, Naperville
- Sarrai LLC, Northbrook
- Lifechoice Hospice LLC, Palatine