Comfort Keepers
Comfort Keepers, located in Coeur D Alene, Idaho, operates in the services for the elderly and persons with disabilities industry (NAICS 624120). The business was financed with an SBA 7(a) loan for a change of ownership of $680,000, approved on January 5, 2024, through Live Oak Banking Company, with 36 jobs reported.
SBA 7(a) loan, change of ownership, approved Jan 5, 2024
$680,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $680,000
- SBA-guaranteed amount
- $510,000 (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
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,367 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 36
- Business type
- Corporation
- NAICS
- 624120, Services for the Elderly and Persons with Disabilities
- Project location
- Kootenai County, ID
- SBA district office
- Seattle District Office
- Congressional district
- ID-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 20% 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 Idaho: $1,527,113.
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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