Shanahan Rheumatology & Immunotherapy, PLLC
Shanahan Rheumatology & Immunotherapy, PLLC is an office of physicians (except mental health specialists) located in Durham, NC. The company was financed with an SBA 7(a) loan for a change of ownership of $4,190,000, approved on June 17, 2024, through Millennial Bank.
SBA 7(a) loan, change of ownership, approved Jun 17, 2024
$4,190,000 approvedLender: Millennial Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,190,000
- SBA-guaranteed amount
- $3,142,500 (75% of the approval)
- Lender
- Millennial Bank, Leeds, AL
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 17, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $53,077 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 621111, Offices of Physicians (except Mental Health Specialists)
- Project location
- Durham County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 91% of acquisition loans in Offices of Physicians (except Mental Health Specialists) on this site.
- Average acquisition loan in Offices of Physicians (except Mental Health Specialists): $1,706,191.
- Average acquisition loan in North Carolina: $1,952,444.
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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