Heritage Hills, LLC
Heritage Hills, LLC is located in Patton, MO, and the SBA lists its industry as Nursing Care Facilities (Skilled Nursing Facilities). It was approved for an SBA 7(a) loan of $682,500 for a change of ownership on November 7, 2024.
SBA 7(a) loan, change of ownership, approved Nov 7, 2024
- Gross approval
- $682,500
- SBA-guaranteed amount
- $511,875 (75% of the approval)
- Lender
- Belgrade State Bank, Belgrade, MO
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 7, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $6,202 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- Bollinger County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Nursing Care Facilities (Skilled Nursing Facilities): $2,015,509.
- Average acquisition loan in Missouri: $1,584,414.
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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