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Legacy Home Services LLC

Richmond, IL · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Legacy Home Services LLC is located in Richmond, IL, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 7(a) loan of $882,500 for a change of ownership on January 13, 2025.

SBA 7(a) loan, change of ownership, approved Jan 13, 2025

Gross approval
$882,500
SBA-guaranteed amount
$661,875 (75% of the approval)
Lender
The Bank of Houston, Houston, MO
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
January 13, 2035 (estimated, approval date plus term)
Estimated monthly payment
$11,662 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 6, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Mchenry County, IL
SBA district office
Illinois District Office
Congressional district
IL-14
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
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 Illinois