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Mothers Home Healthcare LLC

Irving, TX · Services for the Elderly and Persons with Disabilities · NAICS 624120

Mothers Home Healthcare LLC is a business located in Irving, Texas, in the Services for the Elderly and Persons with Disabilities industry (NAICS 624120). The company was financed with an SBA 7(a) loan for a change of ownership of $1,345,000, approved on August 19, 2024 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Aug 19, 2024

$1,345,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,345,000
SBA-guaranteed amount
$1,008,750 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.4%, variable
Term
10 years (120 months)
Estimated maturity
August 19, 2034 (estimated, approval date plus term)
Estimated monthly payment
$18,074 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 6, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
624120, Services for the Elderly and Persons with Disabilities
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-24
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 50% of acquisition loans in Services for the Elderly and Persons with Disabilities on this site.
  • Average acquisition loan in Services for the Elderly and Persons with Disabilities: $1,718,785.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas