Altura Home Services LLC
Altura Home Services LLC is a plumbing, heating, and air-conditioning contractor located in Antioch, Illinois. The business was financed with an SBA 7(a) loan for a change of ownership of $952,000, approved by Live Oak Banking Company on September 15, 2025.
SBA 7(a) loan, change of ownership, approved Sep 15, 2025
$952,000 approvedLender: Live Oak Banking Company14 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $952,000
- SBA-guaranteed amount
- $714,000 (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
- 8.75%, variable
- Term
- 14 years (168 months)
- Estimated maturity
- September 15, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $9,847 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Lake County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 30% 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 Illinois: $1,796,780.
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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