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Evergreen Adult Home Care at Tustin LLC

Tustin, CA · Assisted Living Facilities for the Elderly · NAICS 623312

Evergreen Adult Home Care at Tustin LLC is located in Tustin, California, 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 of $1,459,900, approved on February 15, 2024, through Mission Valley Bank.

SBA 7(a) loan, change of ownership, approved Feb 15, 2024

$1,459,900 approvedLender: Mission Valley Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,459,900
SBA-guaranteed amount
$1,094,925 (75% of the approval)
Lender
Mission Valley Bank, Sun Valley, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
February 15, 2049 (estimated, approval date plus term)
Estimated monthly payment
$13,524 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 23, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Orange County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-45
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 56% 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 California: $1,688,228.

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 California