Tender Loving Care Physical Therapy P.C.
Tender Loving Care Physical Therapy P.C. is an offices of physical, occupational and speech therapists and audiologists business located in Bronx, NY. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $500,000, with Manufacturers and Traders Trust Company as the lender, and the loan was approved on March 26, 2025.
SBA 7(a) loan, change of ownership, approved Mar 26, 2025
$500,000 approvedLender: Manufacturers and Traders Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- Manufacturers and Traders Trust Company, Buffalo, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 26, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,552 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 621340, Offices of Physical, Occupational and Speech Therapists, and Audiologists
- Project location
- Bronx County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Offices of Physical, Occupational and Speech Therapists, and Audiologists: $1,372,788.
- Average acquisition loan in New York: $1,771,512.
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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