WMH2 Home Solutions LLC
WMH2 Home Solutions LLC is a roofing contractor located in Batesville, Indiana, in the roofing contractors industry (NAICS 238160). The company was financed with an SBA 7(a) loan for a change of ownership of $1,654,600, approved by Old National Bank on April 22, 2024.
SBA 7(a) loan, change of ownership, approved Apr 22, 2024
$1,654,600 approvedLender: Old National Bank14 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,654,600
- SBA-guaranteed amount
- $1,240,950 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, fixed
- Term
- 14 years (168 months)
- Estimated maturity
- April 22, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $17,356 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 238160, Roofing Contractors
- Project location
- Ripley County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 62% of acquisition loans in Roofing Contractors on this site.
- Average acquisition loan in Roofing Contractors: $1,899,751.
- Average acquisition loan in Indiana: $1,995,900.
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 Indiana
- The Way Construction, Inc., Evansville