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Spark to Recovery Inc

Sherman Oaks, CA · Outpatient Mental Health and Substance Abuse Centers · NAICS 621420

Spark to Recovery Inc, located in Sherman Oaks, CA, operates in the outpatient mental health and substance abuse centers industry (NAICS 621420). The company was financed with an SBA 7(a) loan for a change of ownership of $1.7 million, approved on November 18, 2024 by The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Nov 18, 2024

$1,693,600 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,693,600
SBA-guaranteed amount
$1,270,200 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.99%, fixed
Term
10 years (120 months)
Estimated maturity
November 18, 2034 (estimated, approval date plus term)
Estimated monthly payment
$21,445 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 26, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
621420, Outpatient Mental Health and Substance Abuse Centers
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-29
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Average acquisition loan in Outpatient Mental Health and Substance Abuse Centers: $2,378,700.
  • Average acquisition loan in California: $1,688,228.

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 California