Home Health Pavilion, Inc.
Home Health Pavilion, Inc., located in Newburgh, NY, operates in the All Other Health and Personal Care Retailers industry (NAICS 456199). The company was financed with two SBA 7(a) loans for a change of ownership, totaling $3,530,000, approved by First Internet Bank of Indiana on June 7, 2024 and June 10, 2024.
SBA 7(a) loan, change of ownership, approved Jun 10, 2024
$500,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,817 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 456199, All Other Health and Personal Care Retailers
- Project location
- Orange County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-18
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in All Other Health and Personal Care Retailers: $1,847,927.
- Average acquisition loan in New York: $1,771,512.
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.
SBA 7(a) loan, change of ownership, approved Jun 7, 2024
$3,030,000 approvedLender: First Internet Bank of Indiana119 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,030,000
- SBA-guaranteed amount
- $2,272,500 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 9 years, 11 months (119 months)
- Estimated maturity
- May 7, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $41,505 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 456199, All Other Health and Personal Care Retailers
- Project location
- Orange County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-18
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 82% of acquisition loans in All Other Health and Personal Care Retailers on this site.
- Average acquisition loan in All Other Health and Personal Care Retailers: $1,847,927.
- Average acquisition loan in New York: $1,771,512.
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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