Las Vegas Mechanical, The A/C Guys
Las Vegas Mechanical, The A/C Guys is a plumbing, heating, and air-conditioning contractor located in North Las Vegas, Nevada. The business financed real estate or equipment through an SBA 504 loan of $1,192,000, with The Bancorp Bank National Association as the lender and The Mortgage Capital Development Corporation as the certified development company, and the loan was approved on August 13, 2024.
SBA 504 loan, approved Aug 13, 2024
$1,192,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,192,000
- Bank portion
- $1,161,981
- Estimated project size
- $2,615,534 (estimated)
- Estimated owner equity
- $261,553 (estimated, about 10% of the project)
- Bank lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- August 13, 2049 (estimated, approval date plus term)
- First disbursement
- Jan 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 56
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-4
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Larger than 14% of expansion loans in Plumbing, Heating, and Air-Conditioning Contractors on this site.
- Average expansion loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,998,914.
- Average expansion loan in Nevada: $2,098,935.
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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