Main Street Registry

Carter Legacy Holdings Inc

Lincoln, CA · Assisted Living Facilities for the Elderly · NAICS 623312

Carter Legacy Holdings Inc, located in Lincoln, CA, operates in the assisted living facilities for the elderly industry (NAICS 623312). The company was financed with an SBA 7(a) loan for a change of ownership of $955,000, approved on October 25, 2023 by Pinnacle Bank, with 5 jobs reported.

SBA 7(a) loan, change of ownership, approved Oct 25, 2023

$955,000 approvedLender: Pinnacle Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$955,000
SBA-guaranteed amount
$716,250 (75% of the approval)
Lender
Pinnacle Bank, Morgan Hill, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
October 25, 2048 (estimated, approval date plus term)
Estimated monthly payment
$8,847 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 6, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Placer County, CA
SBA district office
Sacramento District Office
Congressional district
CA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 28% of acquisition loans in Assisted Living Facilities for the Elderly on this site.
  • Average acquisition loan in Assisted Living Facilities for the Elderly: $1,782,411.
  • Average acquisition loan in California: $1,688,228.

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 California