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FirstLight Home Care / Thistle House Senior Living

Chardon, OH · Home Health Care Services · NAICS 621610

FirstLight Home Care / Thistle House Senior Living is a home health care services business in Chardon, OH, in the NAICS 621610 industry. It was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2,183,500, approved by Bank Five Nine on September 27, 2024, and the loan is reported with 55 jobs.

SBA 7(a) loan, change of ownership, approved Sep 27, 2024

$2,183,500 approvedLender: Bank Five Nine25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,183,500
SBA-guaranteed amount
$1,637,625 (75% of the approval)
Lender
Bank Five Nine, Oconomowoc, WI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
September 27, 2049 (estimated, approval date plus term)
Estimated monthly payment
$19,841 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 23, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
55
Business type
Corporation
NAICS
621610, Home Health Care Services
Project location
Geauga County, OH
SBA district office
Columbus District Office
Congressional district
OH-14
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 71% 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 Ohio: $1,840,340.

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 Ohio