Adams Plumbing & Heating
Adams Plumbing & Heating is a plumbing, heating, and air-conditioning contracting business located in Osage, Iowa. It was financed with an SBA 7(a) loan for a change of ownership totaling $2.1 million, approved on May 31, 2025 by Truliant FCU.
SBA 7(a) loan, change of ownership, approved May 31, 2025
$2,100,000 approvedLender: Truliant FCU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,100,000
- SBA-guaranteed amount
- $1,575,000 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 31, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $27,752 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Mitchell County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 71% 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 Iowa: $1,701,244.
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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- Denny's Heating, A/C & Plumbing, LTD., Cherokee