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Compassionate Care Senior Living LLC

Houston, TX · Assisted Living Facilities for the Elderly · NAICS 623312

Compassionate Care Senior Living LLC is located in Houston, Texas, and 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 $2.738 million, approved by TowneBank on July 16, 2024, and the loan reports 24 jobs.

SBA 7(a) loan, change of ownership, approved Jul 16, 2024

$2,738,000 approvedLender: TowneBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,738,000
SBA-guaranteed amount
$2,053,500 (75% of the approval)
Lender
TowneBank, Portsmouth, VA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
July 16, 2049 (estimated, approval date plus term)
Estimated monthly payment
$25,364 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 14, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
24
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 82% 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 Texas: $1,944,682.

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 Texas