Seifert Healthcare LLC
Seifert Healthcare LLC, located in Elkhart, IN, operates in the pharmacies and drug retailers industry. The business was financed with an SBA 7(a) loan for a change of ownership of $2.6 million, approved on December 4, 2024, by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Dec 4, 2024
$2,600,000 approvedLender: Live Oak Banking Company182 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,600,000
- SBA-guaranteed amount
- $1,950,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 15 years, 2 months (182 months)
- Estimated maturity
- February 4, 2040 (estimated, approval date plus term)
- Estimated monthly payment
- $27,410 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 456110, Pharmacies and Drug Retailers
- Project location
- Elkhart County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 84% of acquisition loans in Pharmacies and Drug Retailers on this site.
- Average acquisition loan in Pharmacies and Drug Retailers: $1,715,134.
- Average acquisition loan in Indiana: $1,995,900.
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.
Is this your company? Claim or correct this listing. See Corrections.