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King's Heating & Air Inc

Gainesville, FL · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

King's Heating & Air Inc is a plumbing, heating, and air-conditioning contractor located in Gainesville, Florida. The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,538,000, approved on May 13, 2026, by Renasant Bank.

SBA 7(a) loan, change of ownership, approved May 13, 2026

$2,538,000 approvedLender: Renasant Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,538,000
SBA-guaranteed amount
$1,903,500 (75% of the approval)
Lender
Renasant Bank, Tupelo, MS
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
10 years (120 months)
Estimated maturity
May 13, 2036 (estimated, approval date plus term)
Estimated monthly payment
$31,808 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 12, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Alachua County, FL
SBA district office
North Florida District Office
Congressional district
FL-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 79% 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 Florida: $1,808,559.

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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