Prime Healthcare Staffing, Inc.
Prime Healthcare Staffing, Inc. is a temporary help services business located in Plymouth, Michigan, with NAICS code 561320. It was financed with an SBA 7(a) loan for a change of ownership of $3,240,100, approved on May 14, 2024, through Old National Bank.
SBA 7(a) loan, change of ownership, approved May 14, 2024
$3,240,100 approvedLender: Old National Bank10 years termPaid in fullLoan details
- Gross approval
- $3,240,100
- SBA-guaranteed amount
- $2,430,075 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.75%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- May 14, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $40,607 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 21, 2024
- Loan status
- Paid in full
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 561320, Temporary Help Services
- Project location
- Wayne County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 73% of acquisition loans in Temporary Help Services on this site.
- Average acquisition loan in Temporary Help Services: $1,948,736.
- 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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