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Santiam Heating & Sheetmetal, Inc.

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

Santiam Heating & Sheetmetal, Inc. is a plumbing, heating, and air-conditioning contractor located in Stayton, Oregon. The company was financed with an SBA 7(a) loan for a change of ownership of $3.94 million, approved on January 28, 2025, through Banner Bank.

SBA 7(a) loan, change of ownership, approved Jan 28, 2025

$3,940,000 approvedLender: Banner Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,940,000
SBA-guaranteed amount
$2,955,000 (75% of the approval)
Lender
Banner Bank, Walla Walla, WA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
10 years (120 months)
Estimated maturity
January 28, 2035 (estimated, approval date plus term)
Estimated monthly payment
$50,445 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
38
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Marion County, OR
SBA district office
Portland District Office
Congressional district
OR-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 93% 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