Main Street Registry

Spring Hills Assisted Living

Vero Beach, FL · Assisted Living Facilities for the Elderly · NAICS 623312

Spring Hills Assisted Living is located in Vero Beach, Florida, and operates in the assisted living facilities for the elderly industry (NAICS 623312). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,196,000, approved on July 24, 2026, through Harvest Commercial Capital, LLC and Florida Business Development Corporation.

SBA 504 loan, approved Jul 24, 2026

$1,196,000 SBA portionCDC: Florida Business Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,196,000
Bank portion
$1,640,000
Estimated project size
$3,151,111 (estimated)
Estimated owner equity
$315,111 (estimated, about 10% of the project)
Bank lender
Harvest Commercial Capital, LLC, Laguna Hills, CA
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 24, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
1
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Indian River County, FL
SBA district office
South Florida District Office
Congressional district
FL-8
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 16% of expansion loans in Assisted Living Facilities for the Elderly on this site.
  • Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
  • Average expansion loan in Florida: $2,058,496.

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 Florida