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BeeHive Homes of Spring

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

BeeHive Homes of Spring is an assisted living facility for the elderly located in Spring, Texas, and operates as a Bee Hive Homes franchise. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,221,000, approved on November 20, 2024, through First Bank of the Lake and LiftFund, Inc., and the loan supported 4 jobs.

SBA 504 loan, approved Nov 20, 2024

$1,221,000 SBA portionCDC: LiftFund, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,221,000
Bank portion
$1,423,284
Estimated project size
$2,938,093 (estimated)
Estimated owner equity
$293,809 (estimated, about 10% of the project)
Bank lender
First Bank of the Lake, Osage Beach, MO
CDC
LiftFund, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
November 20, 2049 (estimated, approval date plus term)
First disbursement
Mar 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Franchise
Bee Hive Homes
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-2
Collateral
Yes

Estimated share of project by source

Bank 48% SBA (CDC) 42% Owner 10%

  • Larger than 19% of expansion loans in Assisted Living Facilities for the Elderly on this site.
  • Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
  • Average expansion loan in Texas: $2,316,979.

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