Due to inclement weather, Bankwell offices will open late today at 10:00am, Thursday December 5th.

Based on expected travel conditions, Bankwell branches will open on a delayed schedule at 10:00 AM EST on February 24. Phone support and operations will open at 8:00 AM EST.
Case highlight

Healthcare Agency

Amount

$2.17 Million

Loan Type

SBA 7(a)

Location

Pennsylvania

Project Overview

This project involved the acquisition and successful financing of an established, non-medical home healthcare agency operating across multiple licensed counties in Pennsylvania. The loan supported the buyer’s purchase of the agency, which had already demonstrated consistent year-over-year growth and maintained credentials with all three major Medicaid Managed Care Organizations (MCOs) in the state.

Highlights

  • Acquisition and working capital provided with 120 month term
  • Funded an established home care agency licensed across 15 counties with expansion licensing in place for additional cities through MCO referral broadcast systems
  • Borrower assumed full operational control and continued service delivery without interruption, ensuring sustained access to essential home care services across the region

Community & Impact

  • Approximately 55 caregivers retained post-acquisition
  • Preservation of essential home care services for Medicaid-supported populations
  • Ensures continuity of care for vulnerable seniors and individuals with disabilities
  • Supports community health infrastructure with stable, credentialed service capacity