Main Street Registry

J.g. Tate Fire Protection Systems, Inc.

Poway, CA · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

J.g. Tate Fire Protection Systems, Inc. is located in Poway, CA, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 7(a) loan of $3,000,000 for a change of ownership on December 23, 2024.

SBA 7(a) loan, change of ownership, approved Dec 23, 2024

Gross approval
$3,000,000
SBA-guaranteed amount
$2,250,000 (75% of the approval)
Lender
The Bancorp Bank National Association, Sioux Falls, SD
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
10 years (120 months)
Estimated maturity
December 23, 2034 (estimated, approval date plus term)
Estimated monthly payment
$37,196 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
San Diego County, CA
SBA district office
San Diego District Office
Congressional district
CA-50
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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 California