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Beautiful Minds Assisted Living LLC

Conroe, TX · Assisted Living Facilities for the Elderly · NAICS 623312

Beautiful Minds Assisted Living LLC, located in Conroe, Texas, 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 $1,280,000, approved on November 26, 2024, through T Bank, National Association.

SBA 7(a) loan, change of ownership, approved Nov 26, 2024

$1,280,000 approvedLender: T Bank, National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,280,000
SBA-guaranteed amount
$960,000 (75% of the approval)
Lender
T Bank, National Association, Dallas, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
November 26, 2049 (estimated, approval date plus term)
Estimated monthly payment
$11,631 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 6, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Montgomery County, TX
SBA district office
Houston District Office
Congressional district
TX-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 50% 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 Texas: $1,944,682.

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 Texas