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Happy Home LLC

Eden Prairie, MN · Home Health Care Services · NAICS 621610

Happy Home LLC is a home health care services business located in Eden Prairie, Minnesota, classified under NAICS code 621610. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1.3 million, approved on March 23, 2024, through City & County CU.

SBA 7(a) loan, change of ownership, approved Mar 23, 2024

$1,300,000 approvedLender: City & County CU15 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,300,000
SBA-guaranteed amount
$975,000 (75% of the approval)
Lender
City & County CU, Saint Paul, MN
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
8.5%, fixed
Term
15 years (180 months)
Estimated maturity
March 23, 2039 (estimated, approval date plus term)
Estimated monthly payment
$12,802 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
621610, Home Health Care Services
Project location
Hennepin County, MN
SBA district office
Minnesota District Office
Congressional district
MN-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 48% 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 Minnesota: $1,482,119.

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 Minnesota