Ginkgo Care Senior Services LLC
Ginkgo Care Senior Services LLC is a business in Princeton, New Jersey, 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 of $2.175 million, approved on July 1, 2024, through Live Oak Banking Company. The loan is reported with 8 jobs.
SBA 7(a) loan, change of ownership, approved Jul 1, 2024
$2,175,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,175,000
- SBA-guaranteed amount
- $1,631,250 (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
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 1, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $29,045 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 624120, Services for the Elderly and Persons with Disabilities
- Project location
- Mercer County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 72% 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 New Jersey: $1,626,307.
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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