Brightstar Care of North Houston and The Woodlands
Brightstar Care of North Houston and The Woodlands, located in Montgomery, Texas, operates in the services for the elderly and persons with disabilities industry (NAICS 624120). The business was financed with an SBA 7(a) loan for a change of ownership, with two loans totaling $1,360,000 approved on July 22, 2024 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jul 22, 2024
$860,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $860,000
- SBA-guaranteed amount
- $645,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 22, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,246 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 67
- Business type
- Corporation
- NAICS
- 624120, Services for the Elderly and Persons with Disabilities
- Project location
- Montgomery County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 28% of acquisition loans in Services for the Elderly and Persons with Disabilities on this site.
- Average acquisition loan in Services for the Elderly and Persons with Disabilities: $1,718,785.
- Average acquisition loan in Texas: $1,944,682.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
SBA 7(a) loan, change of ownership, approved Jul 22, 2024
$500,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 22, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,747 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 67
- Business type
- Corporation
- NAICS
- 624120, Services for the Elderly and Persons with Disabilities
- Project location
- Montgomery County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Services for the Elderly and Persons with Disabilities: $1,718,785.
- Average acquisition loan in Texas: $1,944,682.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in Texas
- Denali Dreaming Company, Corpus Christi
- Senior Community Center, Houston
- Lone Star Senior Care LLC, Sugar Land
- Stark Homecare Partners LLC, Austin
- Double C Enterprises, LLC, Plano
- Mothers Home Healthcare LLC, Irving
- Hill Country Caregivers, Inc., Round Rock
- Careplex Adult Day Care Center, Inc., San Antonio