Air Comfort of Ky Inc
Air Comfort of Ky Inc is located in Louisville, Kentucky, and operates in plumbing, heating, and air-conditioning contracting. The company was financed with an SBA 7(a) loan for a change of ownership of $500,000, approved on July 12, 2024, through Republic Bank & Trust Company.
SBA 7(a) loan, change of ownership, approved Jul 12, 2024
$500,000 approvedLender: Republic Bank & Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- Republic Bank & Trust Company, Louisville, KY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.65%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- July 12, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,239 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Jefferson County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,758,508.
- Average acquisition loan in Kentucky: $1,988,993.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Kentucky
- Saben, LLC, Louisville
- Acco, Inc., Louisville