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Long’s Heating, Air Conditioning and Electric LLC

Central Point, OR · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Long's Heating, Air Conditioning and Electric LLC is a plumbing, heating, and air-conditioning contracting business located in Central Point, Oregon, classified under NAICS code 238220. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3.24 million, approved on May 1, 2025, by lender Port 51 Lending LLC.

SBA 7(a) loan, change of ownership, approved May 1, 2025

$3,240,000 approvedLender: Port 51 Lending LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,240,000
SBA-guaranteed amount
$2,430,000 (75% of the approval)
Lender
Port 51 Lending LLC, New York, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
May 1, 2050 (estimated, approval date plus term)
Estimated monthly payment
$27,190 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Jackson County, OR
SBA district office
Portland District Office
Congressional district
OR-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 89% 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 Oregon: $1,946,167.

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 Oregon