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Comfort Environmental Acquisition Company LLC

Bedford Heights, OH · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Comfort Environmental Acquisition Company LLC is a plumbing, heating, and air-conditioning contractor located in Bedford Heights, Ohio. The company was financed with an SBA 7(a) loan for a change of ownership of $1,950,000, approved on August 22, 2024, by First Commonwealth Bank.

SBA 7(a) loan, change of ownership, approved Aug 22, 2024

$1,950,000 approvedLender: First Commonwealth Bank10 years termPaid in fullLoan details
Gross approval
$1,950,000
SBA-guaranteed amount
$1,462,500 (75% of the approval)
Lender
First Commonwealth Bank, Indiana, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
August 22, 2034 (estimated, approval date plus term)
Estimated monthly payment
$26,586 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 29, 2024
Loan status
Paid in full
Jobs supported
30
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Cuyahoga County, OH
SBA district office
Columbus District Office
Congressional district
OH-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 67% 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 Ohio: $1,840,340.

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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