Loan Closing Date – 7-31-17
Funded by ACC – $500,000
Loan Amount – $926,802
Location – Snellville, GA
When Aysha Cooper’s grandfather was diagnosed with Alzheimer’s Disease, she learned firsthand about the changing needs of seniors and the stressful demands on their family members and caregivers. That painful experience gave her “extra inspiration” in opening SarahCare of Snellville, part of an Ohio-based franchise. The center provides a daylong get-away for seniors with dementia and other cognitive disorders.
“We provide diabetic management, medication administration, vital signs, bathing assistance and toileting assistance throughout the day, but we also have a lot of activities to provide mental, physical, and social stimulation. We want to improve the quality of life for our patients and their families,” she said.
“We had been open for about a year when I realized we needed more capital,” Cooper said. “That’s when I heard about ACE. I love the business advisory services, and I’ve participated in several workshops that have helped me develop long-range plans for growth.”
In 2015, Aysha hit a new goal when she purchased the building where her business is located and more than doubled her patient capacity!
In 2017, Cooper was able to refinance her existing first and second mortgage with ACE to take advantage of a reduced pay off offered by her second mortgage holder. Through Appalachian Community Capital, ACE provided a $500,000 loan to Cooper at a lower rate than the blended rate of her previous first and second mortgage.
SarahCare serves more than 40 clients a day with a staff-to-participant ratio of one-to-five, said Cooper, who grew up in Indianapolis and earned a degree in Public Health with a certificate in Long-Term Care and recently earned an Executive MBA at the University of Georgia.
I am forever grateful to ACE, for believing in me and giving me the opportunity to fulfill my dream, not only for me, but for my family,” said Aysha Cooper. “I could not have done this without the support from ACE.”