TLC Angels Adult Family Home LLC
TLC Angels Adult Family Home LLC is a nursing care facility, classified under NAICS 623110 (Nursing Care Facilities, Skilled Nursing Facilities), located in Seattle, Washington. It was financed with an SBA 7(a) loan for a change of ownership of $878,000, approved on July 31, 2024, through Gesa CU.
SBA 7(a) loan, change of ownership, approved Jul 31, 2024
$878,000 approvedLender: Gesa CU299 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $878,000
- SBA-guaranteed amount
- $658,500 (75% of the approval)
- Lender
- Gesa CU, Richland, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 24 years, 11 months (299 months)
- Estimated maturity
- June 30, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $7,830 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 23% of acquisition loans in Nursing Care Facilities (Skilled Nursing Facilities) on this site.
- Average acquisition loan in Nursing Care Facilities (Skilled Nursing Facilities): $2,015,509.
- Average acquisition loan in Washington: $1,784,595.
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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