Matrix AdvoCare Network, Inc.
Matrix AdvoCare Network, Inc. is located in Plymouth, MN, and the SBA lists its industry as Home Health Care Services. It was approved for an SBA 504 loan ($2,694,000 SBA portion) on April 22, 2025 to finance real estate or equipment.
SBA 504 loan, approved Apr 22, 2025
- SBA (CDC) portion
- $2,694,000
- Bank portion
- $4,207,589
- Estimated project size
- $7,668,432 (estimated)
- Estimated owner equity
- $766,843 (estimated, about 10% of the project)
- Bank lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 22, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 621610, Home Health Care Services
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-3
- Collateral
- Yes
Estimated share of project by source
Bank 55% SBA (CDC) 35% Owner 10%
- Larger than 86% of expansion loans in Home Health Care Services on this site.
- Average expansion loan in Home Health Care Services: $1,714,929.
- Average expansion loan in Minnesota: $2,136,981.
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
- Interim Healthcare of the Twin Cities, Saint Paul
- Healthnorth, Inc., Minneapolis
- Loyal Home Health Care LLC, St. Anthony
- Magna Vita Home Healthcare Fund I, LP, Minneapolis
- Rosco Health LLC, Waite Park
- BHH Holdings LLC, Minneapolis
- Family Health Solutions LLC, Minneapolis
- Happy Home LLC, Eden Prairie