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Family Legacy Holdings, LLC

Smithville, MO · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Family Legacy Holdings, LLC is a plumbing, heating, and air-conditioning contracting business located in Smithville, Missouri. The company was financed with an SBA 7(a) loan for a change of ownership totaling $682,500, approved on September 24, 2024, by OakStar Bank.

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

$682,500 approvedLender: OakStar Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$682,500
SBA-guaranteed amount
$511,875 (75% of the approval)
Lender
OakStar Bank, Springfield, MO
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
September 24, 2034 (estimated, approval date plus term)
Estimated monthly payment
$9,498 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 24, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Clay County, MO
SBA district office
Kansas City District Office
Congressional district
MO-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 10% 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 Missouri: $1,584,414.

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 Missouri