Peters Home Care, Inc.
Peters Home Care, Inc. is a home health care services business in Newton, Iowa, operating in the NAICS 621610 industry. It was financed with an SBA 7(a) loan for a change of ownership, with the loan approved on February 18, 2025, by Associated Bank National Association, in the amount of $608,000.
SBA 7(a) loan, change of ownership, approved Feb 18, 2025
$608,000 approvedLender: Associated Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $608,000
- SBA-guaranteed amount
- $456,000 (75% of the approval)
- Lender
- Associated Bank National Association, Green Bay, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 18, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,620 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 80
- Business type
- Corporation
- NAICS
- 621610, Home Health Care Services
- Franchise
- Home Instead
- Project location
- Jasper County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 13% 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 Iowa: $1,701,244.
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 Iowa
- Peters Legacy, Inc., Cedar Rapids