Main Street Registry

Carolina Air Experts LLC

Morganton, NC · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Carolina Air Experts LLC is a plumbing, heating, and air-conditioning contractor located in Morganton, NC. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,375,000, approved on September 30, 2025, through Heritage Bank Inc.

SBA 7(a) loan, change of ownership, approved Sep 30, 2025

$1,375,000 approvedLender: Heritage Bank Inc10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,375,000
SBA-guaranteed amount
$1,031,250 (75% of the approval)
Lender
Heritage Bank Inc, Burlington, KY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
September 30, 2035 (estimated, approval date plus term)
Estimated monthly payment
$18,171 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 20, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Burke County, NC
SBA district office
North Carolina District Office
Congressional district
NC-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 49% 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 North Carolina: $1,952,444.

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 North Carolina