Performance Plumbing & HVAC Inc.
Performance Plumbing & HVAC Inc. is a plumbing, heating, and air-conditioning contracting business located in York, Maine. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2.52 million, approved by Truliant FCU on August 20, 2024.
SBA 7(a) loan, change of ownership, approved Aug 20, 2024
$2,520,000 approvedLender: Truliant FCU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,520,000
- SBA-guaranteed amount
- $1,890,000 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $35,071 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 10, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- York County, ME
- SBA district office
- Maine District Office
- Congressional district
- ME-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 79% 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 Maine: $1,448,582.
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.
Is this your company? Claim or correct this listing. See Corrections.