AFC Brier Creek Healthcare Management LLC
AFC Brier Creek Healthcare Management LLC is a freestanding ambulatory surgical and emergency center located in Raleigh, North Carolina, operating under the American Family Care franchise. The business was financed with an SBA 7(a) loan for a change of ownership of $1 million, provided by Citizens Bank with an approval date of December 10, 2024.
SBA 7(a) loan, change of ownership, approved Dec 10, 2024
$1,000,000 approvedLender: Citizens Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- Citizens Bank, Elizabethton, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,215 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 621493, Freestanding Ambulatory Surgical and Emergency Centers
- Franchise
- American Family Care
- Project location
- Wake County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Freestanding Ambulatory Surgical and Emergency Centers: $1,568,786.
- 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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