HVAC Connection LLC
HVAC Connection LLC is located in Henderson, NV, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 7(a) loan of $1,033,000 for a change of ownership on May 15, 2024.
SBA 7(a) loan, change of ownership, approved May 15, 2024
- Gross approval
- $1,033,000
- SBA-guaranteed amount
- $774,750 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 15, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,939 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 35% 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 Nevada: $1,617,910.
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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