Champion Mechanical, LLC
Champion Mechanical, LLC is located in Marietta, GA, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 7(a) loan of $711,000 for a change of ownership on January 8, 2025.
SBA 7(a) loan, change of ownership, approved Jan 8, 2025
- Gross approval
- $711,000
- SBA-guaranteed amount
- $533,250 (75% of the approval)
- Lender
- 1st State Bank, Saginaw, MI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, fixed
- Term
- 7 years (84 months)
- Estimated maturity
- January 8, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $11,260 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Cobb County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- 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 Georgia: $2,017,638.
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 Georgia
- Willis Mechanical, Inc., Atlanta
- Cheshire Home Services LLC, Jasper
- John Davis Heating and Air Conditioning, Fayetteville
- Moody's HVAC, LLC, Rome