Thermal Holdings LLC
Thermal Holdings LLC is located in Madison, Alabama, and its industry is air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment manufacturing (NAICS 333415). The company was financed with an SBA 7(a) loan for a change of ownership, with two loans approved on December 4, 2025 ($1.64 million) and December 5, 2025 ($500,000) through Fifth Third Bank.
SBA 7(a) loan, change of ownership, approved Dec 5, 2025
$500,000 approvedLender: Fifth Third Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 5, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,334 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 24, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 333415, Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
- Project location
- Madison County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing: $925,733.
- Average acquisition loan in Alabama: $1,764,717.
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.
SBA 7(a) loan, change of ownership, approved Dec 4, 2025
$1,640,000 approvedLender: Fifth Third Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,640,000
- SBA-guaranteed amount
- $1,230,000 (75% of the approval)
- Lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 4, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $20,775 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 24, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 333415, Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
- Project location
- Madison County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing: $925,733.
- Average acquisition loan in Alabama: $1,764,717.
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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