Broom Heating & Air Conditioning, Inc.
Broom Heating & Air Conditioning, Inc. is a plumbing, heating, and air-conditioning contractor in Blythewood, SC, classified under NAICS code 238220. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,494,000, approved on June 25, 2025 by First-Citizens Bank & Trust Company. The loan reported 20 jobs.
SBA 7(a) loan, change of ownership, approved Jun 25, 2025
$1,494,000 approvedLender: First-Citizens Bank & Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,494,000
- SBA-guaranteed amount
- $1,120,500 (75% of the approval)
- Lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 25, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $19,332 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 22, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Richland County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 53% 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 South Carolina: $1,827,509.
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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