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Careplex Adult Day Care Center, Inc.

San Antonio, TX · Services for the Elderly and Persons with Disabilities · NAICS 624120

Careplex Adult Day Care Center, Inc. is located in San Antonio, Texas, and operates in the services for the elderly and persons with disabilities industry (NAICS 624120). The company was financed with an SBA 7(a) loan for a change of ownership totaling $501,000, approved on November 14, 2023 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Nov 14, 2023

$501,000 approvedLender: Live Oak Banking Company121 months termStatus not reported (SBA exemption)Loan details
Gross approval
$501,000
SBA-guaranteed amount
$375,750 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years, 1 month (121 months)
Estimated maturity
December 14, 2033 (estimated, approval date plus term)
Estimated monthly payment
$6,729 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 21, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
624120, Services for the Elderly and Persons with Disabilities
Project location
Bexar County, TX
SBA district office
San Antonio District Office
Congressional district
TX-20
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 7% of acquisition loans in Services for the Elderly and Persons with Disabilities on this site.
  • Average acquisition loan in Services for the Elderly and Persons with Disabilities: $1,718,785.
  • 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