Linx Lifesciences LLC
Linx Lifesciences LLC is located in Cypress, TX, and the SBA lists its industry as Convention and Trade Show Organizers. It was approved for an SBA 7(a) loan of $3,060,000 for a change of ownership on July 9, 2024.
SBA 7(a) loan, change of ownership, approved Jul 9, 2024
- Gross approval
- $3,060,000
- SBA-guaranteed amount
- $2,295,000 (75% of the approval)
- Lender
- Wallis Bank, Wallis, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 9, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $27,806 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 561920, Convention and Trade Show Organizers
- Project location
- Harris County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Convention and Trade Show Organizers: $1,498,733.
- 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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