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AC Services of Minden LLC

Minden, LA · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

AC Services of Minden LLC, located in Minden, Louisiana, operates in the plumbing, heating, and air-conditioning contractors industry (NAICS 238220). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1.7 million, approved on August 26, 2024 by Truliant FCU.

SBA 7(a) loan, change of ownership, approved Aug 26, 2024

$1,700,000 approvedLender: Truliant FCU10 years termPaid in fullLoan details
Gross approval
$1,700,000
SBA-guaranteed amount
$1,275,000 (75% of the approval)
Lender
Truliant FCU, Winston-Salem, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
10 years (120 months)
Estimated maturity
August 26, 2034 (estimated, approval date plus term)
Estimated monthly payment
$23,418 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 13, 2024
Loan status
Paid in full
Jobs supported
8
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Webster County, LA
SBA district office
Louisiana District Office
Congressional district
LA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 61% 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 Louisiana: $1,702,056.

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 Louisiana