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Care Heart Assisted Living LLC

Houston, TX · Home Health Care Services · NAICS 621610

Care Heart Assisted Living LLC is a home health care services business in Houston, Texas, classified under NAICS code 621610. The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $812,000, from Wallis Bank, with approval dated February 12, 2024, and 11 jobs reported.

SBA 7(a) loan, change of ownership, approved Feb 12, 2024

$812,000 approvedLender: Wallis Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$812,000
SBA-guaranteed amount
$609,000 (75% of the approval)
Lender
Wallis Bank, Wallis, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
February 12, 2049 (estimated, approval date plus term)
Estimated monthly payment
$7,379 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
621610, Home Health Care Services
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 22% 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 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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