Main Street Registry

Star Hill Healthcare LLC

Flower Mound, TX · Home Health Care Services · NAICS 621610

Star Hill Healthcare LLC, located in Flower Mound, Texas, operates in the home health care services industry (NAICS 621610). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $945,000, approved on February 9, 2024, by Live Oak Banking Company. The loan is reported with 64 jobs.

SBA 7(a) loan, change of ownership, approved Feb 9, 2024

$945,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$945,000
SBA-guaranteed amount
$708,750 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.4%, variable
Term
10 years (120 months)
Estimated maturity
February 9, 2034 (estimated, approval date plus term)
Estimated monthly payment
$12,176 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 18, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
64
Business type
Corporation
NAICS
621610, Home Health Care Services
Project location
Denton County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-24
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 28% 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