Baker Healthcare Management LLC
Baker Healthcare Management LLC is an assisted living facility for the elderly located in Georgetown, Indiana, and operates under the Bee Hive Homes franchise. The company was financed with an SBA 7(a) loan for a change of ownership of $2.2 million from Stock Yards Bank & Trust Company, with approval dated January 17, 2025.
SBA 7(a) loan, change of ownership, approved Jan 17, 2025
$2,168,500 approvedLender: Stock Yards Bank & Trust Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,168,500
- SBA-guaranteed amount
- $1,626,375 (75% of the approval)
- Lender
- Stock Yards Bank & Trust Company, Louisville, KY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- January 17, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $15,327 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 28
- Business type
- Corporation
- NAICS
- 623312, Assisted Living Facilities for the Elderly
- Franchise
- Bee Hive Homes
- Project location
- Floyd County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 71% 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 Indiana: $1,995,900.
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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