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Patriot Opco LLC

Oak Ridge, TN · Assisted Living Facilities for the Elderly · NAICS 623312

Patriot Opco LLC is an assisted living facility for the elderly located in Oak Ridge, Tennessee, classified under NAICS code 623312. The business was financed with an SBA 7(a) loan for a change of ownership of $999,000, approved on May 8, 2024, through United Midwest Savings Bank National Association, with the loan reported as creating 16 jobs.

SBA 7(a) loan, change of ownership, approved May 8, 2024

$999,000 approvedLender: United Midwest Savings Bank National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$999,000
SBA-guaranteed amount
$749,250 (75% of the approval)
Lender
United Midwest Savings Bank National Association, De Graff, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
25 years (300 months)
Estimated maturity
May 8, 2049 (estimated, approval date plus term)
Estimated monthly payment
$9,972 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Roane County, TN
SBA district office
Tennessee District Office
Congressional district
TN-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 36% of acquisition loans in Assisted Living Facilities for the Elderly on this site.
  • Average acquisition loan in Assisted Living Facilities for the Elderly: $1,782,411.
  • Average acquisition loan in Tennessee: $1,738,925.

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 Tennessee