Home Sweet Home Veterinary Clinic LLC
Home Sweet Home Veterinary Clinic LLC is a veterinary services business located in Durango, Colorado, classified under NAICS code 541940. The company was financed with an SBA 7(a) loan for a change of ownership of $500,000, approved on December 13, 2023, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Dec 13, 2023
$500,000 approvedLender: Live Oak Banking Company25 years termPaid in fullLoan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (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
- 8.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 13, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $4,111 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 9, 2024
- Loan status
- Paid in full
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 541940, Veterinary Services
- Project location
- La Plata County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Veterinary Services: $1,742,169.
- Average acquisition loan in Colorado: $1,608,658.
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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