SBA lending record
NEW GENESIS, INC
489 PROSPECT ST, Methuen, MA · Assisted Living Facilities for the Elderly. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$2.4M
Total SBA financing
1
Loan on record
FY2024
On record
18
Jobs supported
Is NEW GENESIS, INC your business?
This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.
The loan
$2,410,000 — FY2024
- Gross approval
- $2,410,000
- SBA guaranteed
- $1,807,500 (75%)
- Status
- Current
- Rate at approval
- 10.5% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 8/13/2024
- First disbursement
- 9/18/2024
- Days to fund
- 36 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 18
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Assisted Living Facilities for the Elderly
- NAICS code
- 623312
- Lender
- Beacon Bank and Trust
- Address
- 489 PROSPECT ST
- City
- Methuen
- County
- Essex
- SBA district office
- MASSACHUSETTS DISTRICT OFFICE
- Congressional district
- 2
The lender
Find SBA lenders for businesses like this
The banks most active funding assisted living facilities for the elderly — by location, industry.
Similar businesses
Comparable assisted living facilities for the elderly in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Rhapsody Manor LLC
Webster, MA· ~59 mi
Assisted Living Facilities for the Elderly
- $2.5M
- SBA financing
- ≈ $4.9M–$8.1M
- Est. revenue (rough)
Burgoyne Rest Home Ann's Rest Home
Dorchester, MA
Assisted Living Facilities for the Elderly
- $1.1M
- SBA financing
- ≈ $2.2M–$3.7M
- Est. revenue (rough)
WE CARE RETIREMENT HOME LLC
Portland, CT· ~110 mi
Assisted Living Facilities for the Elderly
- $2.8M
- SBA financing
- ≈ $5.6M–$9.3M
- Est. revenue (rough)
Blackstone Valley Health and Rehabilitation
Whitinsville,, MA· ~49 mi
Assisted Living Facilities for the Elderly
- $5.0M
- SBA financing
- ≈ $9.8M–$16M
- Est. revenue (rough)
L&L Senior Living LLC
Coventry, RI· ~74 mi
Assisted Living Facilities for the Elderly
- $5.0M
- SBA financing
- ≈ $9.8M–$16M
- Est. revenue (rough)
THE SYCAMORE COLLECTION, INC.
Stamford, CT· ~165 mi
Assisted Living Facilities for the Elderly
- $3.0M
- SBA financing
- ≈ $5.8M–$9.6M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for NEW GENESIS, INC in Methuen, MA (Assisted Living Facilities for the Elderly). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 1 SBA 7(a) loan totaling $2.4M
- On record FY2024
- 18 jobs supported
- Industry: Assisted Living Facilities for the Elderly
- Location: Methuen, MA
- Lender: Beacon Bank and Trust
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Assisted Living Facilities for the Elderly businesses in MA for ~$2.4M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
Is NEW GENESIS, INC your business?
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with NEW GENESIS, INC.