Main Street Registry

Matrix AdvoCare Network, Inc.

Plymouth, MN · Home Health Care Services · NAICS 621610

Matrix AdvoCare Network, Inc., located in Plymouth, Minnesota, operates in the home health care services industry (NAICS 621610). The business was financed with an SBA 504 loan of $2,694,000, which financed real estate or equipment through an SBA 504 loan, approved April 22, 2025, through Live Oak Banking Company with Midwest Business Finance Corporation as the certified development company.

SBA 504 loan, approved Apr 22, 2025

$2,694,000 SBA portionCDC: Midwest Business Finance Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,694,000
Bank portion
$4,207,589
Estimated project size
$7,668,432 (estimated)
Estimated owner equity
$766,843 (estimated, about 10% of the project)
Bank lender
Live Oak Banking Company, Wilmington, NC
CDC
Midwest Business Finance Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 22, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
25
Business type
Corporation
NAICS
621610, Home Health Care Services
Project location
Hennepin County, MN
SBA district office
Minnesota District Office
Congressional district
MN-3
Collateral
Yes

Estimated share of project by source

Bank 55% SBA (CDC) 35% Owner 10%

  • Larger than 86% 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 Minnesota: $2,136,981.

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 Minnesota