Main Street Registry

Jso Aquest Holdings Inc

Gaylord, MI · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Jso Aquest Holdings Inc is a plumbing, heating, and air-conditioning contractor in Gaylord, Michigan, classified under NAICS 238220. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $4.9 million, with an approval date of August 9, 2024, through Fifth Third Bank.

SBA 7(a) loan, change of ownership, approved Aug 9, 2024

$4,900,000 approvedLender: Fifth Third Bank14 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,900,000
SBA-guaranteed amount
$3,675,000 (75% of the approval)
Lender
Fifth Third Bank, Cincinnati, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, variable
Term
14 years (168 months)
Estimated maturity
August 9, 2038 (estimated, approval date plus term)
Estimated monthly payment
$48,575 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Otsego County, MI
SBA district office
Michigan District Office
Congressional district
MI-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 97% 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 Michigan: $1,645,728.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Michigan