Meriden Health and Rehab LLC
Meriden Health and Rehab LLC of Meriden, Connecticut operates in the nursing care facilities (skilled nursing facilities) industry, NAICS code 623110. The company was financed with an SBA 7(a) loan for a change of ownership of $4,613,000, approved on March 8, 2024 by Celtic Bank Corporation.
SBA 7(a) loan, change of ownership, approved Mar 8, 2024
$4,613,000 approvedLender: Celtic Bank Corporation306 months termPaid in fullLoan details
- Gross approval
- $4,613,000
- SBA-guaranteed amount
- $3,459,750 (75% of the approval)
- Lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 25 years, 6 months (306 months)
- Estimated maturity
- September 8, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $43,380 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 1, 2024
- Loan status
- Paid in full
- Jobs supported
- 122
- Business type
- Corporation
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- South Central Ct County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 86% of acquisition loans in Nursing Care Facilities (Skilled Nursing Facilities) on this site.
- Average acquisition loan in Nursing Care Facilities (Skilled Nursing Facilities): $2,015,509.
- Average acquisition loan in Connecticut: $1,992,959.
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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