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Grace Gentle Care Adult Family Home LLC

Bellevue, WA · Home Health Care Services · NAICS 621610

Grace Gentle Care Adult Family Home LLC is a home health care services business located in Bellevue, Washington, classified under NAICS code 621610. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,414,000, approved on December 17, 2024, through Evolve Bank and Trust, with a reported 7 jobs.

SBA 7(a) loan, change of ownership, approved Dec 17, 2024

$1,414,000 approvedLender: Evolve Bank and Trust25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,414,000
SBA-guaranteed amount
$1,060,500 (75% of the approval)
Lender
Evolve Bank and Trust, West Memphis, AR
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
December 17, 2049 (estimated, approval date plus term)
Estimated monthly payment
$12,354 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
621610, Home Health Care Services
Project location
King County, WA
SBA district office
Seattle District Office
Congressional district
WA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 52% of acquisition loans in Home Health Care Services on this site.
  • Average acquisition loan in Home Health Care Services: $1,778,546.
  • Average acquisition loan in Washington: $1,784,595.

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 Washington