F.A.I.T.H. Behavioral Services and Wellness Center L.L.C.
F.A.I.T.H. Behavioral Services and Wellness Center L.L.C. is an outpatient care center located in North Las Vegas, Nevada, classified under the industry All Other Outpatient Care Centers (NAICS 621498). The company financed real estate or equipment through an SBA 504 loan of $1,331,000 approved on March 7, 2024, with Lexicon Bank as the lender and Nevada State Development Corporation as the certified development company.
SBA 504 loan, approved Mar 7, 2024
$1,331,000 SBA portionCDC: Nevada State Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,331,000
- Bank portion
- $1,800,000
- Estimated project size
- $3,478,889 (estimated)
- Estimated owner equity
- $347,889 (estimated, about 10% of the project)
- Bank lender
- Lexicon Bank, Las Vegas, NV
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 7, 2049 (estimated, approval date plus term)
- First disbursement
- Sep 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 621498, All Other Outpatient Care Centers
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-1
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in All Other Outpatient Care Centers: $1,426,400.
- Average expansion loan in Nevada: $2,098,935.
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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