Kair Medical and Tele-Made Disposables
Kair Medical and Tele-Made Disposables is located in Huffman, Texas, and operates in surgical appliance and supplies manufacturing. The business was financed with an SBA 7(a) loan for a change of ownership totaling $4,147,000, approved on December 27, 2024, by First Internet Bank of Indiana. The loan is associated with 22 jobs.
SBA 7(a) loan, change of ownership, approved Dec 27, 2024
$4,147,000 approvedLender: First Internet Bank of Indiana283 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,147,000
- SBA-guaranteed amount
- $3,341,238 (81% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 9.75%, variable
- Term
- 23 years, 7 months (283 months)
- Estimated maturity
- July 27, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $37,491 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 22, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 339113, Surgical Appliance and Supplies Manufacturing
- 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 Surgical Appliance and Supplies Manufacturing: $2,551,300.
- 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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