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Ideal Senior Care of Edmonds, LLC

Edmonds, WA · Assisted Living Facilities for the Elderly · NAICS 623312

Ideal Senior Care of Edmonds, LLC is an assisted living facility for the elderly located in Edmonds, WA, classified under NAICS code 623312. The business was financed with an SBA 7(a) loan for a change of ownership of $2,371,900, with Evolve Bank and Trust as the lender and approval dated July 9, 2025.

SBA 7(a) loan, change of ownership, approved Jul 9, 2025

$2,371,900 approvedLender: Evolve Bank and Trust25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,371,900
SBA-guaranteed amount
$1,778,925 (75% of the approval)
Lender
Evolve Bank and Trust, West Memphis, AR
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
July 9, 2050 (estimated, approval date plus term)
Estimated monthly payment
$20,313 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Snohomish County, WA
SBA district office
Seattle District Office
Congressional district
WA-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 76% 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 Washington: $1,784,595.

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 Washington