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Stellitano Home Services Inc.

Lambertville, NJ · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Stellitano Home Services Inc. is a plumbing, heating, and air-conditioning contracting business located in Lambertville, NJ. It was financed with an SBA 7(a) loan for a change of ownership of $1.71 million, approved on September 18, 2024 by Live Oak Banking Company.

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

$1,710,000 approvedLender: Live Oak Banking Company14 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,710,000
SBA-guaranteed amount
$1,282,500 (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
9.25%, variable
Term
14 years (168 months)
Estimated maturity
September 18, 2038 (estimated, approval date plus term)
Estimated monthly payment
$18,188 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 27, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Hunterdon County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 61% 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 New Jersey: $1,626,307.

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 New Jersey