Eden Vista Joliet, LLC
Eden Vista Joliet, LLC is located in Joliet, Illinois, and 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 totaling $4,334,000, approved on June 27, 2024 by Celtic Bank Corporation. The loan's approved jobs figure is 75.
SBA 7(a) loan, change of ownership, approved Jun 27, 2024
$4,334,000 approvedLender: Celtic Bank Corporation25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,334,000
- SBA-guaranteed amount
- $3,250,500 (75% of the approval)
- Lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 27, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $40,921 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 75
- Business type
- Corporation
- NAICS
- 623312, Assisted Living Facilities for the Elderly
- Project location
- Will County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 92% 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 Illinois: $1,796,780.
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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