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Sparks Associates Medical Group Inc

Sacramento, CA · Offices of Physicians (except Mental Health Specialists) · NAICS 621111

Sparks Associates Medical Group Inc is an office of physicians (except mental health specialists) located in Sacramento, CA. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,030,000, approved by FFB Bank on September 24, 2024.

SBA 7(a) loan, change of ownership, approved Sep 24, 2024

$1,030,000 approvedLender: FFB Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,030,000
SBA-guaranteed amount
$772,500 (75% of the approval)
Lender
FFB Bank, Fresno, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
September 24, 2034 (estimated, approval date plus term)
Estimated monthly payment
$13,898 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 21, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
26
Business type
Corporation
NAICS
621111, Offices of Physicians (except Mental Health Specialists)
Project location
Sacramento County, CA
SBA district office
Sacramento District Office
Congressional district
CA-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 53% 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 California: $1,688,228.

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 California