Grace Gardens Living LLC
Grace Gardens Living LLC is an assisted living facility for the elderly located in Portland, Tennessee. The company was financed with an SBA 7(a) loan for a change of ownership of $1,161,000 from US Metro Bank, with an approval date of September 8, 2026.
SBA 7(a) loan, change of ownership, approved Sep 8, 2026
$1,161,000 approvedLender: US Metro Bank25 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,161,000
- SBA-guaranteed amount
- $870,750 (75% of the approval)
- Lender
- US Metro Bank, Garden Grove, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 8, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $8,961 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 26
- Business type
- Corporation
- NAICS
- 623312, Assisted Living Facilities for the Elderly
- Project location
- Sumner County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 47% 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 Tennessee: $1,738,925.
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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