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John Davis Heating and Air Conditioning

Fayetteville, GA · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

John Davis Heating and Air Conditioning is a plumbing, heating, and air-conditioning contractor in Fayetteville, GA, classified under NAICS 238220. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2.584 million, approved on May 28, 2025, by First Internet Bank of Indiana.

SBA 7(a) loan, change of ownership, approved May 28, 2025

$2,584,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,584,000
SBA-guaranteed amount
$1,938,000 (75% of the approval)
Lender
First Internet Bank of Indiana, Fishers, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, fixed
Term
10 years (120 months)
Estimated maturity
May 28, 2035 (estimated, approval date plus term)
Estimated monthly payment
$34,506 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 26, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Fayette County, GA
SBA district office
Georgia District Office
Congressional district
GA-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 81% 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 Georgia: $2,017,638.

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 Georgia