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Heritage Care Home of Dials LLC

Pembroke, NC · Assisted Living Facilities for the Elderly · NAICS 623312

Heritage Care Home of Dials LLC, located in Pembroke, North Carolina, 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 $800,000, approved on May 6, 2024, by Live Oak Banking Company, with 22 jobs reported.

SBA 7(a) loan, change of ownership, approved May 6, 2024

$800,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$800,000
SBA-guaranteed amount
$600,000 (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
9.75%, variable
Term
25 years (300 months)
Estimated maturity
May 6, 2049 (estimated, approval date plus term)
Estimated monthly payment
$7,129 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
22
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Robeson County, NC
SBA district office
North Carolina District Office
Congressional district
NC-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 11% 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 North Carolina: $1,952,444.

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 North Carolina