Omni Home Health Care, Inc.
Omni Home Health Care, Inc. is a home health care services business located in Warren, Michigan, classified under NAICS code 621610. The company was financed with an SBA 7(a) loan for a change of ownership of $1.16 million, approved on November 25, 2024 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Nov 25, 2024
$1,159,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,159,000
- SBA-guaranteed amount
- $869,250 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 25, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $15,639 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 621610, Home Health Care Services
- Project location
- Macomb County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 38% 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 Michigan: $1,645,728.
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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