Open Arms Counseling LLC
Open Arms Counseling LLC is an office of mental health practitioners, excluding physicians, located in Las Vegas, Nevada. The company was financed with an SBA 7(a) loan for a change of ownership of $905,000, approved on May 14, 2025 by Truliant FCU.
SBA 7(a) loan, change of ownership, approved May 14, 2025
$905,000 approvedLender: Truliant FCU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $905,000
- SBA-guaranteed amount
- $678,750 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 14, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $11,960 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 26, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 621330, Offices of Mental Health Practitioners (except Physicians)
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 29% of acquisition loans in Offices of Mental Health Practitioners (except Physicians) on this site.
- Average acquisition loan in Offices of Mental Health Practitioners (except Physicians): $1,394,742.
- Average acquisition loan in Nevada: $1,617,910.
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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