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Hemen Adult Family Home, LLC

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

Hemen Adult Family Home, LLC, located in Everett, WA, operates in the assisted living facilities for the elderly industry (NAICS 623312). The company was financed with an SBA 7(a) loan for a change of ownership of $858,000, approved by Columbia Bank on October 25, 2023.

SBA 7(a) loan, change of ownership, approved Oct 25, 2023

$858,000 approvedLender: Columbia Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$858,000
SBA-guaranteed amount
$643,500 (75% of the approval)
Lender
Columbia Bank, Lake Oswego, OR
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
October 25, 2048 (estimated, approval date plus term)
Estimated monthly payment
$7,948 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 30, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Snohomish 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 20% 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