Anchor Service Group LLC
Anchor Service Group LLC, located in Pompton Lakes, New Jersey, operates in plumbing, heating, and air-conditioning contracting (NAICS 238220). The company was financed with an SBA 7(a) loan for a change of ownership, totaling $1,205,000, approved through Manufacturers and Traders Trust Company on June 24, 2026.
SBA 7(a) loan, change of ownership, approved Jun 24, 2026
$1,205,000 approvedLender: Manufacturers and Traders Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,205,000
- SBA-guaranteed amount
- $903,750 (75% of the approval)
- Lender
- Manufacturers and Traders Trust Company, Buffalo, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 24, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $14,620 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 2, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Passaic County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 41% 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 New Jersey: $1,626,307.
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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