Main Street Registry

Vals Heritage Pines LLC

Cary, NC · Assisted Living Facilities for the Elderly · NAICS 623312

Vals Heritage Pines LLC, located in Cary, North Carolina, operates in the assisted living facilities for the elderly industry (NAICS 623312). The company was financed with an SBA 7(a) loan for a change of ownership of $790,000, approved on April 21, 2025 by The Bancorp Bank National Association and reported with 4 jobs.

SBA 7(a) loan, change of ownership, approved Apr 21, 2025

$790,000 approvedLender: The Bancorp Bank National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$790,000
SBA-guaranteed amount
$592,500 (75% of the approval)
Lender
The Bancorp Bank National Association, Sioux Falls, SD
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
April 21, 2050 (estimated, approval date plus term)
Estimated monthly payment
$6,229 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 26, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Wake County, NC
SBA district office
North Carolina District Office
Congressional district
NC-02
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 9% of acquisition loans in Assisted Living Facilities for the Elderly on this site.
  • Average acquisition loan in Assisted Living Facilities for the Elderly: $1,782,411.
  • Average acquisition loan in North Carolina: $1,952,444.

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 North Carolina