Lifecare Transport LLC
Lifecare Transport LLC is a business in Fort Atkinson, Wisconsin, in the industry of all other miscellaneous ambulatory health care services. It was financed with an SBA 7(a) loan for a change of ownership of $712,300, approved on December 23, 2024, by Old National Bank.
SBA 7(a) loan, change of ownership, approved Dec 23, 2024
$712,300 approvedLender: Old National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $712,300
- SBA-guaranteed amount
- $534,225 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.7%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- December 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,530 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 621999, All Other Miscellaneous Ambulatory Health Care Services
- Project location
- Jefferson County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Miscellaneous Ambulatory Health Care Services: $1,094,800.
- Average acquisition loan in Wisconsin: $1,729,230.
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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