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Havenwood Assisted Care LLC

New Bedford, MA · Assisted Living Facilities for the Elderly · NAICS 623312

Havenwood Assisted Care LLC is located in New Bedford, Massachusetts, in the Assisted Living Facilities for the Elderly industry (NAICS 623312). The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,078,000, provided by Webster Bank National Association with Granite State Economic Development Corporation as the certified development company, and the loan was approved on August 21, 2024.

SBA 504 loan, approved Aug 21, 2024

$1,078,000 SBA portionCDC: Granite State Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,078,000
Bank portion
$1,500,000
Estimated project size
$2,864,444 (estimated)
Estimated owner equity
$286,444 (estimated, about 10% of the project)
Bank lender
Webster Bank National Association, Waterbury, CT
CDC
Granite State Economic Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 21, 2049 (estimated, approval date plus term)
First disbursement
Nov 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Bristol County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-9
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 4% of expansion loans in Assisted Living Facilities for the Elderly on this site.
  • Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
  • Average expansion loan in Massachusetts: $2,009,683.

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 Massachusetts