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Custom Works Plumbing, LLC

Dallas, TX · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Custom Works Plumbing, LLC is a plumbing, heating, and air-conditioning contractor in Dallas, Texas, classified under NAICS code 238220. The company was financed with an SBA 7(a) loan for a change of ownership totaling $807,000, approved on December 19, 2023, by First Internet Bank of Indiana.

SBA 7(a) loan, change of ownership, approved Dec 19, 2023

$807,000 approvedLender: First Internet Bank of Indiana101 months termStatus not reported (SBA exemption)Loan details
Gross approval
$807,000
SBA-guaranteed amount
$605,250 (75% of the approval)
Lender
First Internet Bank of Indiana, Fishers, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
8 years, 5 months (101 months)
Estimated maturity
May 19, 2032 (estimated, approval date plus term)
Estimated monthly payment
$12,286 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 27, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-30
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 19% 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 Texas: $1,944,682.

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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