Care Medical Transportation LLC
Care Medical Transportation LLC, located in Hainesport, New Jersey, operates in the ambulance services industry (NAICS 621910). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1.65 million, approved by Wilmington Savings Fund Society FSB on September 30, 2024.
SBA 7(a) loan, change of ownership, approved Sep 30, 2024
$1,650,000 approvedLender: Wilmington Savings Fund Society FSB10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,650,000
- SBA-guaranteed amount
- $1,237,500 (75% of the approval)
- Lender
- Wilmington Savings Fund Society FSB, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $22,264 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 4, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 621910, Ambulance Services
- Project location
- Burlington County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Ambulance Services: $1,257,938.
- Average acquisition loan in New Jersey: $1,626,307.
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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