Grace Unlimited
Grace Unlimited is a home health care services business located in Irving, Texas, in the NAICS category 621610. It was financed with an SBA 7(a) loan for a change of ownership, approved by Live Oak Banking Company on January 22, 2024, with a total of $3.16 million across two 7(a) loans, one for $500,000 and one for $2,660,000. The loans report 168 jobs.
SBA 7(a) loan, change of ownership, approved Jan 22, 2024
- Gross approval
- $2,660,000
- SBA-guaranteed amount
- $1,995,000 (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
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 22, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $35,893 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 168
- Business type
- Corporation
- NAICS
- 621610, Home Health Care Services
- Project location
- Dallas County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-24
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 82% 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 Texas: $1,944,682.
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.
SBA 7(a) loan, change of ownership, approved Jan 22, 2024
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 22, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,747 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 168
- Business type
- Corporation
- NAICS
- 621610, Home Health Care Services
- Project location
- Dallas County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-24
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Home Health Care Services: $1,778,546.
- Average acquisition loan in Texas: $1,944,682.
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 Texas
- Jadron LLC, Rockport
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- Helena Home Care, LLC, Houston
- Not Home Alone Inc, Beaumont
- St. Bernardine Hospice, LLC, Fort Worth
- Enda Care, LLC, Houston