Main Street Registry

Empire Service Holdings, Inc.

Miami, FL · Services for the Elderly and Persons with Disabilities · NAICS 624120

Empire Service Holdings, Inc. is a business in Miami, Florida, in the services for the elderly and persons with disabilities industry (NAICS 624120). The company was financed with an SBA 7(a) loan for a change of ownership of $3,780,000, approved on March 28, 2024 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Mar 28, 2024

$3,780,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,780,000
SBA-guaranteed amount
$2,835,000 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
March 28, 2034 (estimated, approval date plus term)
Estimated monthly payment
$51,005 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
624120, Services for the Elderly and Persons with Disabilities
Project location
Miami-Dade County, FL
SBA district office
South Florida District Office
Congressional district
FL-25
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 89% of acquisition loans in Services for the Elderly and Persons with Disabilities on this site.
  • Average acquisition loan in Services for the Elderly and Persons with Disabilities: $1,718,785.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida