Main Street Registry

The Right Choice Home Care LLC

Shrewsbury, MA · Home Health Care Services · NAICS 621610

The Right Choice Home Care LLC is a home health care services business located in Shrewsbury, Massachusetts, in the industry described as Home Health Care Services. The company was financed with an SBA 7(a) loan for a change of ownership of $2.76 million, approved on October 29, 2024, through Beacon Bank and Trust.

SBA 7(a) loan, change of ownership, approved Oct 29, 2024

$2,760,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,760,000
SBA-guaranteed amount
$2,070,000 (75% of the approval)
Lender
Beacon Bank and Trust, Brookline, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
October 29, 2034 (estimated, approval date plus term)
Estimated monthly payment
$36,857 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
621610, Home Health Care Services
Project location
Worcester County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 83% of acquisition loans in Home Health Care Services on this site.
  • Average acquisition loan in Home Health Care Services: $1,778,546.
  • Average acquisition loan in Massachusetts: $1,643,977.

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 Massachusetts