Hope Springs Memory Care
Hope Springs Memory Care, located in Plano, Texas, operates in the nursing care facilities (skilled nursing facilities) industry. The business financed real estate or equipment through an SBA 504 loan of $1,221,000 approved on February 11, 2025, with Bank Five Nine as the bank partner and the Texas Certified Development Company, Inc. as the certified development company.
SBA 504 loan, approved Feb 11, 2025
$1,221,000 SBA portionCDC: Texas Certified Development Company, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,221,000
- Bank portion
- $1,901,000
- Estimated project size
- $3,468,889 (estimated)
- Estimated owner equity
- $346,889 (estimated, about 10% of the project)
- Bank lender
- Bank Five Nine, Oconomowoc, WI
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- February 11, 2050 (estimated, approval date plus term)
- First disbursement
- Oct 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 36
- Business type
- Corporation
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- Collin County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-3
- Collateral
- Yes
Estimated share of project by source
Bank 55% SBA (CDC) 35% Owner 10%
- Larger than 20% of expansion loans in Nursing Care Facilities (Skilled Nursing Facilities) on this site.
- Average expansion loan in Nursing Care Facilities (Skilled Nursing Facilities): $2,434,200.
- Average expansion loan in Texas: $2,316,979.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Texas
- Legacy Equity Group LLC, Mckinney
- Eternal Eden Living LLC, Georgetown
- Beehive Homes of Cypeess Texas, LLC, Houston