Okla Living Opco LLC
Okla Living Opco LLC is an assisted living facility for the elderly located in Bethany, Oklahoma, classified under NAICS 623312. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $3,485,000, approved by Celtic Bank Corporation on March 16, 2024.
SBA 7(a) loan, change of ownership, approved Mar 16, 2024
$3,485,000 approvedLender: Celtic Bank Corporation25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,485,000
- SBA-guaranteed amount
- $2,613,750 (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 (300 months)
- Estimated maturity
- March 16, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $32,905 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 56
- Business type
- Corporation
- NAICS
- 623312, Assisted Living Facilities for the Elderly
- Project location
- Oklahoma County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 88% of acquisition loans in Assisted Living Facilities for the Elderly on this site.
- Average acquisition loan in Assisted Living Facilities for the Elderly: $1,782,411.
- Average acquisition loan in Oklahoma: $1,861,759.
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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