Main Street Registry

Dautriel's Plumbing

Westlake, LA · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Dautriel's Plumbing is a plumbing, heating, and air-conditioning contractor located in Westlake, Louisiana. The company was financed with an SBA 7(a) loan for a change of ownership of $1,501,000, approved on September 24, 2024, by First Internet Bank of Indiana.

SBA 7(a) loan, change of ownership, approved Sep 24, 2024

$1,501,000 approvedLender: First Internet Bank of Indiana138 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,501,000
SBA-guaranteed amount
$1,125,750 (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
10.75%, variable
Term
11 years, 6 months (138 months)
Estimated maturity
March 24, 2036 (estimated, approval date plus term)
Estimated monthly payment
$18,994 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Calcasieu County, LA
SBA district office
Louisiana District Office
Congressional district
LA-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 54% 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 Louisiana: $1,702,056.

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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Same industry in Louisiana