In His Care Inc
In His Care Inc is located in Gastonia, NC, and the SBA lists its industry as Services for the Elderly and Persons with Disabilities. It was approved for an SBA 7(a) loan of $4,825,000 for a change of ownership on April 4, 2024.
SBA 7(a) loan, change of ownership, approved Apr 4, 2024
- Gross approval
- $4,825,000
- SBA-guaranteed amount
- $3,618,750 (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
- 9.25%, variable
- Term
- 12 years (144 months)
- Estimated maturity
- April 4, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $55,592 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 135
- Business type
- Corporation
- NAICS
- 624120, Services for the Elderly and Persons with Disabilities
- Project location
- Gaston 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 98% 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 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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Same industry in North Carolina
- Comfort Keepers Greensboro NC, Greensboro
- Shridayal LLC, Charlotte
- Elmcare LLC, Fletcher