Main Street Registry

Colorado Home Health Care, Inc

Pasadena, CA · Home Health Care Services · NAICS 621610

Colorado Home Health Care, Inc is located in Pasadena, California, and operates in the home health care services industry (NAICS 621610). The company was financed with an SBA 7(a) loan for a change of ownership of $1,866,000, approved on April 6, 2024 by Customers Bank, with 33 jobs reported.

SBA 7(a) loan, change of ownership, approved Apr 6, 2024

$1,866,000 approvedLender: Customers Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,866,000
SBA-guaranteed amount
$1,399,500 (75% of the approval)
Lender
Customers Bank, Malvern, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
April 6, 2034 (estimated, approval date plus term)
Estimated monthly payment
$24,146 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 3, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
33
Business type
Corporation
NAICS
621610, Home Health Care Services
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-27
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 62% 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 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