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CJ's Spicewood Plumbing, LLC

Spicewood, TX · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

CJ's Spicewood Plumbing, LLC is a plumbing, heating, and air-conditioning contracting business located in Spicewood, Texas, in the industry classified under NAICS code 238220. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,575,000, approved by VelocitySBA, LLC on February 13, 2024.

SBA 7(a) loan, change of ownership, approved Feb 13, 2024

$1,575,000 approvedLender: VelocitySBA, LLC10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,575,000
SBA-guaranteed amount
$1,181,250 (75% of the approval)
Lender
VelocitySBA, LLC, Irving, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
10 years (120 months)
Estimated maturity
February 13, 2034 (estimated, approval date plus term)
Estimated monthly payment
$21,696 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 18, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Burnet County, TX
SBA district office
San Antonio District Office
Congressional district
TX-21
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 56% 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 Texas: $1,944,682.

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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