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American Services St Louis

Earth City, MO · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

American Services St Louis, located in Earth City, Missouri, operates in plumbing, heating, and air-conditioning contracting (NAICS 238220). The company was financed with an SBA 7(a) loan for a change of ownership of $774,000, approved on February 6, 2025 by Midwest Regional Bank, with 20 jobs reported.

SBA 7(a) loan, change of ownership, approved Feb 6, 2025

$774,000 approvedLender: Midwest Regional Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$774,000
SBA-guaranteed amount
$580,500 (75% of the approval)
Lender
Midwest Regional Bank, Festus, MO
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
February 6, 2035 (estimated, approval date plus term)
Estimated monthly payment
$10,336 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Saint Louis County, MO
SBA district office
St. Louis District Office
Congressional district
MO-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 16% 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 Missouri: $1,584,414.

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 Missouri