Moody's HVAC, LLC
Moody's HVAC, LLC is a plumbing, heating, and air-conditioning contractor located in Rome, Georgia. The business was financed with an SBA 7(a) loan for a change of ownership of $1,481,500, approved by Live Oak Banking Company on September 27, 2024.
SBA 7(a) loan, change of ownership, approved Sep 27, 2024
- Gross approval
- $1,481,500
- SBA-guaranteed amount
- $1,111,125 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 27, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $20,408 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Floyd County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 53% 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 Georgia: $2,017,638.
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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