Advance Behavior Healthcare Associate Inc
Advance Behavior Healthcare Associate Inc is located in Millis, MA, and is classified under offices of mental health practitioners (except physicians). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $600,000, approved by Shoreham Bank on November 19, 2024.
SBA 7(a) loan, change of ownership, approved Nov 19, 2024
$600,000 approvedLender: Shoreham Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $600,000
- SBA-guaranteed amount
- $450,000 (75% of the approval)
- Lender
- Shoreham Bank, Warwick, RI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 19, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $5,452 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
- 1
- Business type
- Corporation
- NAICS
- 621330, Offices of Mental Health Practitioners (except Physicians)
- Project location
- Norfolk County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 19% of acquisition loans in Offices of Mental Health Practitioners (except Physicians) on this site.
- Average acquisition loan in Offices of Mental Health Practitioners (except Physicians): $1,394,742.
- Average acquisition loan in Massachusetts: $1,643,977.
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.
Is this your company? Claim or correct this listing. See Corrections.