Gulf South Diagnostic Solutions LLC
Gulf South Diagnostic Solutions LLC, located in Houston, Texas, operates in the medical laboratories industry (NAICS 621511). The company was financed with an SBA 7(a) loan for a change of ownership, approved on March 26, 2025 by American Bank for $3.8 million.
SBA 7(a) loan, change of ownership, approved Mar 26, 2025
$3,800,000 approvedLender: American Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,800,000
- SBA-guaranteed amount
- $2,850,000 (75% of the approval)
- Lender
- American Bank, Covington, LA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 26, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $51,275 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 100
- Business type
- Corporation
- NAICS
- 621511, Medical Laboratories
- Project location
- Harris County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Medical Laboratories: $1,996,440.
- 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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