Cassidys Plumbing Heating & Air-Conditioning Inc
Cassidys Plumbing Heating & Air-Conditioning Inc is a plumbing, heating, and air-conditioning contractor in Anchorage, Alaska, classified under NAICS code 238220. The company was financed with an SBA 7(a) loan for a change of ownership, with an approved amount of $901,200 from Mountain Pacific Bank, approved on June 4, 2024.
SBA 7(a) loan, change of ownership, approved Jun 4, 2024
$901,200 approvedLender: Mountain Pacific Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $901,200
- SBA-guaranteed amount
- $675,900 (75% of the approval)
- Lender
- Mountain Pacific Bank, Everett, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 4, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $8,509 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Anchorage County, AK
- SBA district office
- Alaska District Office
- Congressional district
- AK-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 27% 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 Alaska: $1,671,114.
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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