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Hands of Compassion LLC

Renton, WA · Assisted Living Facilities for the Elderly · NAICS 623312

Hands of Compassion LLC is an assisted living facility for the elderly in Renton, WA, operating in the Assisted Living Facilities for the Elderly industry. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1.774 million, approved by Evolve Bank and Trust on September 21, 2026. The loan supports 7 jobs.

SBA 7(a) loan, change of ownership, approved Sep 21, 2026

$1,774,000 approvedLender: Evolve Bank and Trust25 years termCommitted, not fully disbursedLoan details
Gross approval
$1,774,000
SBA-guaranteed amount
$1,330,500 (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
8.5%, variable
Term
25 years (300 months)
Estimated maturity
September 21, 2051 (estimated, approval date plus term)
Estimated monthly payment
$14,285 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
7
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
King County, WA
SBA district office
Seattle District Office
Congressional district
WA-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 65% 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 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