Capital Air Balance, Inc.
Capital Air Balance, Inc. is a plumbing, heating, and air-conditioning contractor in Terry, Mississippi. The company was financed with an SBA 7(a) loan for a change of ownership of $3,167,000, approved on March 28, 2024 by OptimumBank.
SBA 7(a) loan, change of ownership, approved Mar 28, 2024
$3,167,000 approvedLender: OptimumBank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,167,000
- SBA-guaranteed amount
- $2,375,250 (75% of the approval)
- Lender
- OptimumBank, Fort Lauderdale, FL
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 28, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $44,075 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 19, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Hinds County, MS
- SBA district office
- Mississippi District Office
- Congressional district
- MS-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 88% 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 Mississippi: $1,688,600.
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.
Is this your company? Claim or correct this listing. See Corrections.