Startup Assisted Living Facility Secures $1.3MM SBA 7(a) Loan

[Karen Schimpf]

Picture A recently funded startup assisted living facility secured a $1,338,900 SBA 7(a) loan to launch the business and acquire real estate. The borrowers, a married couple with over 45 years of combined nursing and patient care experience, used the funds to buy a 6-room assisted living facility in a converted single-family home. They saw this startup as an opportunity to directly address issues they’ve encountered in the senior care industry. With their extensive nursing experience and additional outside income, we successfully extended a $1.3MM SBA 7(a) loan for both the business startup and real estate purchase. Give us a call today to discuss your commercial finance needs or get started by filling out this form! Karen Schimpf (512) 358-1511 [email protected] www.ApplyCommercialLoans.com P.S. Bridge loans can provide quick access to funds when you need to transition between properties or projects. They are short-term solutions that can help you secure your next opportunity without delay. Give me a call today at 512-358-1511 or go here to get started: https://applycommercialloans.com/apply-now/