Gulf South Storage LLC
Gulf South Storage LLC is located in Paradis, Louisiana, and operates in the lessors of miniwarehouses and self-storage units industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1.89 million, approved by American Bank with a date of July 29, 2026.
SBA 7(a) loan, change of ownership, approved Jul 29, 2026
$1,890,000 approvedLender: American Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,890,000
- SBA-guaranteed amount
- $1,417,500 (75% of the approval)
- Lender
- American Bank, Covington, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 29, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $15,539 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 28, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 531130, Lessors of Miniwarehouses and Self-Storage Units
- Project location
- Saint Charles County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 78% of acquisition loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
- Average acquisition loan in Lessors of Miniwarehouses and Self-Storage Units: $1,454,898.
- 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
- Macklyn Enterprises, LLC, Shreveport