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Southern Energy Management, LLC.

Raleigh, NC · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Southern Energy Management, LLC is a plumbing, heating, and air-conditioning contractor located in Raleigh, North Carolina. The company was financed with an SBA 7(a) loan for a change of ownership of $3.9 million, approved on September 18, 2024, by First Horizon Bank.

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

$3,928,000 approvedLender: First Horizon Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,928,000
SBA-guaranteed amount
$2,946,000 (75% of the approval)
Lender
First Horizon Bank, Memphis, TN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
10 years (120 months)
Estimated maturity
September 18, 2034 (estimated, approval date plus term)
Estimated monthly payment
$48,702 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 1, 2024
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Wake County, NC
SBA district office
North Carolina District Office
Congressional district
NC-02
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 92% 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 North Carolina: $1,952,444.

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 North Carolina