Northshore Dermatology, LLC
Northshore Dermatology, LLC is an office of physicians (except mental health specialists) located in Slidell, Louisiana. The company was financed with an SBA 7(a) loan for a change of ownership of $1.7 million, approved on January 28, 2025, through American Bank.
SBA 7(a) loan, change of ownership, approved Jan 28, 2025
$1,700,000 approvedLender: American Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,700,000
- SBA-guaranteed amount
- $1,275,000 (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
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 28, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $21,998 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 7, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 36
- Business type
- Corporation
- NAICS
- 621111, Offices of Physicians (except Mental Health Specialists)
- Project location
- Saint Tammany 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 62% of acquisition loans in Offices of Physicians (except Mental Health Specialists) on this site.
- Average acquisition loan in Offices of Physicians (except Mental Health Specialists): $1,706,191.
- 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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