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Sugar Hill ALF LLC

Dalton, MA · Assisted Living Facilities for the Elderly · NAICS 623312

Sugar Hill ALF LLC, located in Dalton, Massachusetts, operates in the assisted living facilities for the elderly industry (NAICS 623312). The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,289,000, approved on March 28, 2024 by Celtic Bank Corporation.

SBA 7(a) loan, change of ownership, approved Mar 28, 2024

$1,289,000 approvedLender: Celtic Bank Corporation25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,289,000
SBA-guaranteed amount
$966,750 (75% of the approval)
Lender
Celtic Bank Corporation, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
March 28, 2049 (estimated, approval date plus term)
Estimated monthly payment
$12,171 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
47
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Berkshire County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 51% 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 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