Midwest Children's Therapy, PLLC
Midwest Children's Therapy, PLLC is located in East Peoria, IL, and the SBA lists its industry as Offices of Physical, Occupational and Speech Therapists, and Audiologists. It was approved for an SBA 7(a) loan of $915,000 for a change of ownership on November 17, 2023.
SBA 7(a) loan, change of ownership, approved Nov 17, 2023
- Gross approval
- $915,000
- SBA-guaranteed amount
- $686,250 (75% of the approval)
- Lender
- CBI Bank and Trust, Muscatine, IA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8%, fixed
- Term
- 7 years (84 months)
- Estimated maturity
- November 17, 2030 (estimated, approval date plus term)
- Estimated monthly payment
- $14,261 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 12, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 39
- Business type
- Corporation
- NAICS
- 621340, Offices of Physical, Occupational and Speech Therapists, and Audiologists
- Project location
- Tazewell County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-17
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 38% of acquisition loans in Offices of Physical, Occupational and Speech Therapists, and Audiologists on this site.
- Average acquisition loan in Offices of Physical, Occupational and Speech Therapists, and Audiologists: $1,372,788.
- Average acquisition loan in Illinois: $1,796,780.
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 Illinois
- Nextgen Care Group Inc., Orland Park