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Venice Home Care LLC

Venice, FL · Home Health Care Services · NAICS 621610

Venice Home Care LLC is a home health care services business in Venice, Florida, in the home health care services industry (NAICS 621610). It was financed with an SBA 7(a) loan for a change of ownership of $1.91 million, approved through DFCU Financial on April 10, 2024, and the business operates as a Home Instead franchise.

SBA 7(a) loan, change of ownership, approved Apr 10, 2024

$1,910,000 approvedLender: DFCU Financial10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,910,000
SBA-guaranteed amount
$1,432,500 (75% of the approval)
Lender
DFCU Financial, Dearborn, MI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, fixed
Term
10 years (120 months)
Estimated maturity
April 10, 2034 (estimated, approval date plus term)
Estimated monthly payment
$24,715 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 19, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
90
Business type
Corporation
NAICS
621610, Home Health Care Services
Franchise
Home Instead
Project location
Sarasota County, FL
SBA district office
South Florida District Office
Congressional district
FL-17
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 63% of acquisition loans in Home Health Care Services on this site.
  • Average acquisition loan in Home Health Care Services: $1,778,546.
  • 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