Young in Spirit Adult Daycare LLC
Young in Spirit Adult Daycare LLC is an assisted living facility for the elderly located in Saint Louis, Missouri, classified under NAICS code 623312. The business was financed with an SBA 7(a) loan for a change of ownership totaling $577,000, approved on June 25, 2026, through Midwest Regional Bank.
SBA 7(a) loan, change of ownership, approved Jun 25, 2026
$577,000 approvedLender: Midwest Regional Bank10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $577,000
- SBA-guaranteed amount
- $432,750 (75% of the approval)
- Lender
- Midwest Regional Bank, Festus, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 25, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $7,466 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 623312, Assisted Living Facilities for the Elderly
- Project location
- Saint Louis City County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Assisted Living Facilities for the Elderly: $1,782,411.
- Average acquisition loan in Missouri: $1,584,414.
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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