Senior Care Services of Warwick, LLC
Senior Care Services of Warwick, LLC is a home health care services business in Warwick, Rhode Island, classified under NAICS code 621610. The company was financed with an SBA 7(a) loan for a change of ownership of $2,875,000, approved on December 5, 2024, through Live Oak Banking Company, with 117 jobs reported.
SBA 7(a) loan, change of ownership, approved Dec 5, 2024
$2,875,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,875,000
- SBA-guaranteed amount
- $2,156,250 (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
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $37,202 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 18, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 117
- Business type
- Corporation
- NAICS
- 621610, Home Health Care Services
- Project location
- Kent County, RI
- SBA district office
- Rhode Island District Office
- Congressional district
- RI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 85% 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 Rhode Island: $1,739,073.
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.
Same industry in Rhode Island
- Senior Care Holdings, LLC, East Providence