Denny's Heating, A/C & Plumbing, LTD.
Denny's Heating, A/C & Plumbing, LTD. is a plumbing, heating, and air-conditioning contracting business located in Cherokee, Iowa. The company was financed with an SBA 7(a) loan for a change of ownership of $734,000, approved on June 30, 2026 by Central Bank, and the loan reports 9 jobs.
SBA 7(a) loan, change of ownership, approved Jun 30, 2026
$734,000 approvedLender: Central Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $734,000
- SBA-guaranteed amount
- $550,500 (75% of the approval)
- Lender
- Central Bank, Storm Lake, IA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- June 30, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $8,713 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 3, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Cherokee County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 13% 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 Iowa: $1,701,244.
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 Iowa
- Adams Plumbing & Heating, Osage