Jess Woodward Avenue I LLC
Jess Woodward Avenue I LLC is a home health care services business in Royal Oak, Michigan, classified under NAICS code 621610. The company financed real estate or equipment through an SBA 504 loan of $2,048,000 (the SBA portion), approved on November 14, 2024, with CIBC Bank USA as the lender and the Michigan Certified Development Corporation as the certified development company.
SBA 504 loan, approved Nov 14, 2024
$2,048,000 SBA portionCDC: Michigan Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,048,000
- Bank portion
- $2,925,000
- Estimated project size
- $5,525,556 (estimated)
- Estimated owner equity
- $552,556 (estimated, about 10% of the project)
- Bank lender
- CIBC Bank USA, Chicago, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 14, 2049 (estimated, approval date plus term)
- First disbursement
- Feb 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 621610, Home Health Care Services
- Project location
- Oakland County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-9
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 79% of expansion loans in Home Health Care Services on this site.
- Average expansion loan in Home Health Care Services: $1,714,929.
- Average expansion loan in Michigan: $2,050,489.
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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- Care First Rehabilitation, Troy
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