Customcare Home Health Services Inc.
Customcare Home Health Services Inc. is a home health care services business located in Elk Grove, California, classified under NAICS 621610. The business was financed with an SBA 7(a) loan for a change of ownership of $1.337 million, approved on January 29, 2025 by Banner Bank.
SBA 7(a) loan, change of ownership, approved Jan 29, 2025
$1,337,000 approvedLender: Banner Bank8 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,337,000
- SBA-guaranteed amount
- $1,002,750 (75% of the approval)
- Lender
- Banner Bank, Walla Walla, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 8 years (96 months)
- Estimated maturity
- January 29, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $20,111 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 621610, Home Health Care Services
- Project location
- Sacramento County, CA
- SBA district office
- Sacramento District Office
- Congressional district
- CA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 48% 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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