Healthcare Ride Solutions LLC
Healthcare Ride Solutions LLC, located in Hickory, North Carolina, operates in the All Other Transit and Ground Passenger Transportation industry (NAICS 485999). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,035,000, approved on September 9, 2024 by Live Oak Banking Company. The loan is reported with 29 jobs.
SBA 7(a) loan, change of ownership, approved Sep 9, 2024
$1,035,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,035,000
- SBA-guaranteed amount
- $776,250 (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
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,535 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 29
- Business type
- Corporation
- NAICS
- 485999, All Other Transit and Ground Passenger Transportation
- Project location
- Catawba County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 40% of acquisition loans in All Other Transit and Ground Passenger Transportation on this site.
- Average acquisition loan in All Other Transit and Ground Passenger Transportation: $1,339,850.
- Average acquisition loan in North Carolina: $1,952,444.
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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