Main Street Registry

Addison Adult Family Home LLC

Seatac, WA · Assisted Living Facilities for the Elderly · NAICS 623312

Addison Adult Family Home LLC, located in Seatac, WA, 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 $954,000, approved by Gesa CU on November 20, 2024.

SBA 7(a) loan, change of ownership, approved Nov 20, 2024

$954,000 approvedLender: Gesa CU25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$954,000
SBA-guaranteed amount
$715,500 (75% of the approval)
Lender
Gesa CU, Richland, WA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
November 20, 2049 (estimated, approval date plus term)
Estimated monthly payment
$8,170 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 19, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
King County, WA
SBA district office
Seattle District Office
Congressional district
WA-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 27% 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 Washington: $1,784,595.

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 Washington