Focusmd Holdings LLC
Focusmd Holdings LLC, located in Canonsburg, PA, operates in the administrative management and general management consulting services industry (NAICS 541611). The company was financed with an SBA 7(a) loan for a change of ownership, approved by PNC Bank, National Association on January 30, 2024, with a loan amount of $1.6 million.
SBA 7(a) loan, change of ownership, approved Jan 30, 2024
$1,600,000 approvedLender: PNC Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,600,000
- SBA-guaranteed amount
- $1,200,000 (75% of the approval)
- Lender
- PNC Bank, National Association, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.23%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- January 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $18,768 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 7, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 37
- Business type
- Corporation
- NAICS
- 541611, Administrative Management and General Management Consulting Services
- Project location
- Washington County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 29% of acquisition loans in Administrative Management and General Management Consulting Services on this site.
- Average acquisition loan in Administrative Management and General Management Consulting Services: $2,320,768.
- Average acquisition loan in Pennsylvania: $1,636,965.
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 Pennsylvania
- Riverbend Company LLC, Bryn Mawr