Main Street Registry

Pearl Care LLC

Nashville, TN · Assisted Living Facilities for the Elderly · NAICS 623312

Pearl Care LLC is an assisted living facility for the elderly in Nashville, Tennessee, classified under NAICS 623312. The company was financed with an SBA 7(a) loan for a change of ownership totaling $4,020,000, approved by FinWise Bank on December 15, 2023, with 60 jobs reported.

SBA 7(a) loan, change of ownership, approved Dec 15, 2023

$4,020,000 approvedLender: FinWise Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,020,000
SBA-guaranteed amount
$3,015,000 (75% of the approval)
Lender
FinWise Bank, Murray, UT
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
December 15, 2048 (estimated, approval date plus term)
Estimated monthly payment
$37,956 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 28, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
60
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Davidson County, TN
SBA district office
Tennessee District Office
Congressional district
TN-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 90% 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 Tennessee: $1,738,925.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Tennessee