Lombardo Associates, Inc.
Lombardo Associates, Inc., located in Millsap, TX, operates in the engineering services industry (NAICS 541330). The company was financed with an SBA 7(a) loan for a change of ownership of $1.088 million, approved on March 13, 2026, through The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Mar 13, 2026
- Gross approval
- $1,088,000
- SBA-guaranteed amount
- $816,000 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 13, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $13,490 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 27, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 541330, Engineering Services
- Project location
- Parker County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 39% of acquisition loans in Engineering Services on this site.
- Average acquisition loan in Engineering Services: $1,946,706.
- Average acquisition loan in Texas: $1,944,682.
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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