Olson Homecare Llc

1268 East Broad Street, Elyria, OH 44035 · Home Health Care Services (NAICS 621610)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

Total Amount

$2.2M

Jobs Supported

240

Years Active

2022–2022

Loan History (4)

Source: SBA FOIA

7(a)$150,000

Cancelled

Approved: Feb 28, 2022 (FY2022)
SBA Guaranteed: $75,000 (50%)
Term: 72 months (6.0 yrs)
Interest Rate: 5.25%
Revolver: 1
Jobs Supported: 60
Business Type: Corporation
Business Age: Change of Ownership
Industry: Home Health Care Services (NAICS 621610)

Lender

Cibc Bank Usa

120 S Lasalle St, Chicago, IL 60603

Project Location

Lorain County, OH

7(a)$150,000

Exempt

Approved: Mar 1, 2022 (FY2022)
SBA Guaranteed: $75,000 (50%)
Term: 72 months (6.0 yrs)
Interest Rate: 5.25%
Revolver: 1
Jobs Supported: 60
Business Type: Corporation
Business Age: Change of Ownership
Industry: Home Health Care Services (NAICS 621610)

Lender

Cibc Bank Usa

120 S Lasalle St, Chicago, IL 60603

Project Location

Lorain County, OH

7(a)$928,800

Cancelled

Approved: Mar 1, 2022 (FY2022)
SBA Guaranteed: $696,600 (75%)
Term: 120 months (10.0 yrs)
Interest Rate: 5.75%
Revolver: 0
Jobs Supported: 60
Business Type: Corporation
Business Age: Change of Ownership
Industry: Home Health Care Services (NAICS 621610)

Lender

Cibc Bank Usa

120 S Lasalle St, Chicago, IL 60603

Project Location

Lorain County, OH

7(a)$928,800

Exempt

Approved: Mar 2, 2022 (FY2022)
SBA Guaranteed: $696,600 (75%)
Term: 120 months (10.0 yrs)
Interest Rate: 5.75%
Revolver: 0
Jobs Supported: 60
Business Type: Corporation
Business Age: Change of Ownership
Industry: Home Health Care Services (NAICS 621610)

Lender

Cibc Bank Usa

120 S Lasalle St, Chicago, IL 60603

Project Location

Lorain County, OH

Business Details

Business Type: Corporation
Business Age: Change of Ownership
NAICS Code: 621610 — Home Health Care Services
Address: 1268 East Broad Street
Elyria, OH 44035

Lender

Cibc Bank Usa

120 S Lasalle St, Chicago, IL 60603

Other SBA Borrowers in Elyria

Borowske Builders$3.8M in SBA loans Ujjam Llc$2.4M in SBA loans Norlake Manufacturing Company$2.4M in SBA loans Npl Homecare Inc.$2.4M in SBA loans Envelope Mart of Northeast Ohio Inc.$2.3M in SBA loans

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