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Home Heating Service, Inc.

Colorado Springs, CO · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Home Heating Service, Inc. is a plumbing, heating, and air-conditioning contractor in Colorado Springs, CO. The business was financed with an SBA 7(a) loan for a change of ownership of $900,000, provided by Zions Bancorporation, National Association, with approval dated March 25, 2025.

SBA 7(a) loan, change of ownership, approved Mar 25, 2025

$900,000 approvedLender: Zions Bancorporation, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$900,000
SBA-guaranteed amount
$675,000 (75% of the approval)
Lender
Zions Bancorporation, National Association, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.5%, variable
Term
10 years (120 months)
Estimated maturity
March 25, 2035 (estimated, approval date plus term)
Estimated monthly payment
$10,683 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 30, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
33
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
El Paso County, CO
SBA district office
Colorado District Office
Congressional district
CO-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 27% 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 Colorado: $1,608,658.

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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