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Altadena Hospice Care, Inc

Pasadena, CA · Home Health Care Services · NAICS 621610

Altadena Hospice Care, Inc, located in Pasadena, California, operates in the home health care services industry (NAICS 621610). The company was financed with an SBA 7(a) loan for a change of ownership of $1,957,000, approved by Customers Bank on October 18, 2024.

SBA 7(a) loan, change of ownership, approved Oct 18, 2024

$1,957,000 approvedLender: Customers Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,957,000
SBA-guaranteed amount
$1,467,750 (75% of the approval)
Lender
Customers Bank, Malvern, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
October 18, 2034 (estimated, approval date plus term)
Estimated monthly payment
$25,862 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 6, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
621610, Home Health Care Services
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-27
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 64% of acquisition loans in Home Health Care Services on this site.
  • Average acquisition loan in Home Health Care Services: $1,778,546.
  • Average acquisition loan in California: $1,688,228.

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 California