Herder Plumbing Inc
Herder Plumbing Inc is located in Mesa, AZ, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on September 10, 2025.
SBA 7(a) loan, change of ownership, approved Sep 10, 2025
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Gainey Business Bank, Scottsdale, AZ
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, variable
- Term
- 7 years, 3 months (87 months)
- Estimated maturity
- December 10, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $79,736 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 6, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 45
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 97% 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 Arizona: $1,690,811.
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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