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Innoven Acq8 LLC

Plano, TX · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Innoven Acq8 LLC, located in Plano, Texas, operates in the plumbing, heating, and air-conditioning contractors industry. The company was financed with an SBA 7(a) loan for a change of ownership of $982,500, approved on November 13, 2024, by City National Bank of Florida.

SBA 7(a) loan, change of ownership, approved Nov 13, 2024

$982,500 approvedLender: City National Bank of Florida10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$982,500
SBA-guaranteed amount
$736,875 (75% of the approval)
Lender
City National Bank of Florida, Coral Gables, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
November 13, 2034 (estimated, approval date plus term)
Estimated monthly payment
$13,395 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 22, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Collin County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 31% 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 Texas: $1,944,682.

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 Texas