Abernathy Plumbing LLC
Abernathy Plumbing LLC is located in Green Cove Springs, FL, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 7(a) loan of $635,000 for a change of ownership on November 14, 2025.
SBA 7(a) loan, change of ownership, approved Nov 14, 2025
- Gross approval
- $635,000
- SBA-guaranteed amount
- $476,250 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 14, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,304 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Clay County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 7% of acquisition loans in Plumbing, Heating, and Air-Conditioning Contractors on this site.
- Average acquisition loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,758,508.
- Average acquisition loan in Florida: $1,808,559.
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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