The Hearing & Tinnitus Center, LLC
The Hearing & Tinnitus Center, LLC is located in Deridder, Louisiana, and operates in the offices of physical, occupational and speech therapists, and audiologists industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $927,000, with Stearns Bank National Association as the lender and approval dated May 22, 2025.
SBA 7(a) loan, change of ownership, approved May 22, 2025
$927,000 approvedLender: Stearns Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $927,000
- SBA-guaranteed amount
- $695,250 (75% of the approval)
- Lender
- Stearns Bank National Association, Saint Cloud, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 22, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $11,995 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 621340, Offices of Physical, Occupational and Speech Therapists, and Audiologists
- Project location
- Beauregard County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 41% of acquisition loans in Offices of Physical, Occupational and Speech Therapists, and Audiologists on this site.
- Average acquisition loan in Offices of Physical, Occupational and Speech Therapists, and Audiologists: $1,372,788.
- Average acquisition loan in Louisiana: $1,702,056.
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 Louisiana
- Partners in Physical Therapy, L.L.C., Lake Charles