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Var Home Care Services, Inc.

Fort Myers, FL · Services for the Elderly and Persons with Disabilities · NAICS 624120

Var Home Care Services, Inc. is a business in Fort Myers, Florida, in the industry of services for the elderly and persons with disabilities (NAICS 624120). The company was financed with an SBA 7(a) loan for a change of ownership of $3.77 million, approved on May 1, 2025, by Live Oak Banking Company, and the loan reports 101 jobs.

SBA 7(a) loan, change of ownership, approved May 1, 2025

$3,770,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,770,000
SBA-guaranteed amount
$2,827,500 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
May 1, 2035 (estimated, approval date plus term)
Estimated monthly payment
$48,783 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 2, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
101
Business type
Corporation
NAICS
624120, Services for the Elderly and Persons with Disabilities
Project location
Lee County, FL
SBA district office
South Florida District Office
Congressional district
FL-19
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 87% of acquisition loans in Services for the Elderly and Persons with Disabilities on this site.
  • Average acquisition loan in Services for the Elderly and Persons with Disabilities: $1,718,785.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida