Careshare Living LLC
Careshare Living LLC is a home health care services business located in Wauwatosa, Wisconsin, in the industry described as Home Health Care Services (NAICS 621610). The company was financed with an SBA 7(a) loan for a change of ownership of $2.4 million, approved by CIBM Bank on December 16, 2024, with 11 jobs reported.
SBA 7(a) loan, change of ownership, approved Dec 16, 2024
$2,400,000 approvedLender: CIBM Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,400,000
- SBA-guaranteed amount
- $1,800,000 (75% of the approval)
- Lender
- CIBM Bank, Champaign, IL
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 16, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $20,969 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 621610, Home Health Care Services
- Project location
- Milwaukee County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 76% 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 Wisconsin: $1,729,230.
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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