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New Essence Health Care Inc

Houston, TX · Home Health Care Services · NAICS 621610

New Essence Health Care Inc is a home health care services business in Houston, Texas, in the NAICS 621610 industry. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,260,800, approved by Hancock Whitney Bank on June 17, 2026.

SBA 7(a) loan, change of ownership, approved Jun 17, 2026

$1,260,800 approvedLender: Hancock Whitney Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,260,800
SBA-guaranteed amount
$945,600 (75% of the approval)
Lender
Hancock Whitney Bank, Gulfport, MS
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
10 years (120 months)
Estimated maturity
June 17, 2036 (estimated, approval date plus term)
Estimated monthly payment
$15,801 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 29, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
56
Business type
Corporation
NAICS
621610, Home Health Care Services
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)
  • Larger than 45% of acquisition loans in Home Health Care Services on this site.
  • Average acquisition loan in Home Health Care Services: $1,778,546.
  • 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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Same industry in Texas