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Magna Vita Home Healthcare Fund I, LP

Minneapolis, MN · Home Health Care Services · NAICS 621610

Magna Vita Home Healthcare Fund I, LP is a home health care services business in Minneapolis, Minnesota, in the home health care services industry (NAICS 621610). The company was financed with an SBA 7(a) loan for a change of ownership of $3.5 million, approved on February 7, 2025 through Minnwest Bank. The loan records list 300 jobs.

SBA 7(a) loan, change of ownership, approved Feb 7, 2025

$3,500,000 approvedLender: Minnwest Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,500,000
SBA-guaranteed amount
$2,625,000 (75% of the approval)
Lender
Minnwest Bank, Redwood Falls, MN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
10 years (120 months)
Estimated maturity
February 7, 2035 (estimated, approval date plus term)
Estimated monthly payment
$44,811 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 10, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
300
Business type
Corporation
NAICS
621610, Home Health Care Services
Project location
Hennepin County, MN
SBA district office
Minnesota District Office
Congressional district
MN-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 89% of acquisition loans in Home Health Care Services on this site.
  • Average acquisition loan in Home Health Care Services: $1,778,546.
  • Average acquisition loan in Minnesota: $1,482,119.

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 Minnesota