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Berks Plumbing Specialist LLC

Gilbertsville, PA · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Berks Plumbing Specialist LLC is a plumbing, heating, and air-conditioning contractor located in Gilbertsville, Pennsylvania. The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $707,000 approved on February 22, 2024, through BayFirst National Bank.

SBA 7(a) loan, change of ownership, approved Feb 22, 2024

$707,000 approvedLender: BayFirst National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$707,000
SBA-guaranteed amount
$530,250 (75% of the approval)
Lender
BayFirst National Bank, Saint Petersburg, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
February 22, 2034 (estimated, approval date plus term)
Estimated monthly payment
$9,839 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Montgomery County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 12% 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 Pennsylvania: $1,636,965.

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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