Medical Rehab of Metairie, LLC
Medical Rehab of Metairie, LLC is located in Metairie, Louisiana, in the offices of all other miscellaneous health practitioners industry (NAICS 621399). The company was financed with two SBA 7(a) loans for a change of ownership, approved on October 3, 2024 for $1.85 million and on November 19, 2024 for $2.9 million, both through Newtek Bank, National Association.
SBA 7(a) loan, change of ownership, approved Nov 19, 2024
$2,900,000 approvedLender: Newtek Bank, National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,900,000
- SBA-guaranteed amount
- $2,175,000 (75% of the approval)
- Lender
- Newtek Bank, National Association, Miami, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 19, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $28,423 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 10, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 621399, Offices of All Other Miscellaneous Health Practitioners
- Project location
- Jefferson County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 82% of acquisition loans in Offices of All Other Miscellaneous Health Practitioners on this site.
- Average acquisition loan in Offices of All Other Miscellaneous Health Practitioners: $1,578,530.
- 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.
SBA 7(a) loan, change of ownership, approved Oct 3, 2024
$1,850,000 approvedLender: Newtek Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,850,000
- SBA-guaranteed amount
- $1,387,500 (75% of the approval)
- Lender
- Newtek Bank, National Association, Miami, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 3, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $25,484 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 10, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 621399, Offices of All Other Miscellaneous Health Practitioners
- Project location
- Jefferson County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 66% of acquisition loans in Offices of All Other Miscellaneous Health Practitioners on this site.
- Average acquisition loan in Offices of All Other Miscellaneous Health Practitioners: $1,578,530.
- 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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