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Service Plumbing and Heating, Inc.

Lynnwood, WA · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Service Plumbing and Heating, Inc. is a plumbing, heating, and air-conditioning contractor located in Lynnwood, WA. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,470,500, approved on July 18, 2024, through U.S. Bank, National Association.

SBA 7(a) loan, change of ownership, approved Jul 18, 2024

$1,470,500 approvedLender: U.S. Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,470,500
SBA-guaranteed amount
$1,102,875 (75% of the approval)
Lender
U.S. Bank, National Association, Cincinnati, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.9%, variable
Term
10 years (120 months)
Estimated maturity
July 18, 2034 (estimated, approval date plus term)
Estimated monthly payment
$17,764 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 7, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
19
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Snohomish County, WA
SBA district office
Seattle District Office
Congressional district
WA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 52% 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 Washington: $1,784,595.

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 Washington