Vancrest of Upper Sandusky, LLC
Vancrest of Upper Sandusky, LLC is a nursing care facility (skilled nursing facility) in Upper Sandusky, Ohio. The company financed real estate or equipment through an SBA 504 loan of $5,000,000, approved on June 17, 2024 by The Citizens National Bank of Bluffton with Alloy Development Co., Inc. as the certified development company.
SBA 504 loan, approved Jun 17, 2024
$5,000,000 SBA portionCDC: Alloy Development Co., Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $5,000,000
- Bank portion
- $10,845,000
- Estimated project size
- $17,605,556 (estimated)
- Estimated owner equity
- $1,760,556 (estimated, about 10% of the project)
- Bank lender
- The Citizens National Bank of Bluffton, Bluffton, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 17, 2049 (estimated, approval date plus term)
- First disbursement
- Sep 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 36
- Business type
- Corporation
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- Wyandot County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-5
- Collateral
- Yes
Estimated share of project by source
Bank 62% SBA (CDC) 28% Owner 10%
- Larger than 90% of expansion loans in Nursing Care Facilities (Skilled Nursing Facilities) on this site.
- Average expansion loan in Nursing Care Facilities (Skilled Nursing Facilities): $2,434,200.
- Average expansion loan in Ohio: $2,096,556.
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.
Is this your company? Claim or correct this listing. See Corrections.