LifeLink Adult Day Care LLC
LifeLink Adult Day Care LLC is a business in Baltimore, Maryland, in the nursing care facilities (skilled nursing facilities) industry, NAICS code 623110. It financed real estate or equipment through an SBA 504 loan of $2,296,000 approved on August 13, 2024, with Harvest Small Business Finance, LLC as the lender and 504 Capital Corporation as the certified development company.
SBA 504 loan, approved Aug 13, 2024
$2,296,000 SBA portionCDC: 504 Capital Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,296,000
- Bank portion
- $2,803,000
- Estimated project size
- $5,665,556 (estimated)
- Estimated owner equity
- $566,556 (estimated, about 10% of the project)
- Bank lender
- Harvest Small Business Finance, LLC, Laguna Hills, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 13, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- Baltimore City County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 53% 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 Maryland: $2,350,795.
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 Maryland
- Park Center Properties, LLC, Owings Mills