Inclusive Care Community, Inc.
Inclusive Care Community, Inc. in Midlothian, Virginia operates in the residential intellectual and developmental disability facilities industry (NAICS 623210). The company was financed with an SBA 7(a) loan for a change of ownership of $3.3 million, approved on March 10, 2025 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Mar 10, 2025
$3,275,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,275,000
- SBA-guaranteed amount
- $2,456,250 (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
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 10, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $41,045 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 5, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 57
- Business type
- Corporation
- NAICS
- 623210, Residential Intellectual and Developmental Disability Facilities
- Project location
- Chesterfield County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Residential Intellectual and Developmental Disability Facilities: $2,045,689.
- Average acquisition loan in Virginia: $1,860,760.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Virginia
- AJ Residence RVA LLC, Richmond
- AJ Residence Community Support LLC, Henrico