Main Street Registry

Condino Heating and Air Conditioning, Inc.

Sewell, NJ · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Condino Heating and Air Conditioning, Inc. is a plumbing, heating, and air-conditioning contractor located in Sewell, New Jersey. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $500,000, approved on January 29, 2026, by Fulton Bank, National Association.

SBA 7(a) loan, change of ownership, approved Jan 29, 2026

$500,000 approvedLender: Fulton Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$375,000 (75% of the approval)
Lender
Fulton Bank, National Association, Lancaster, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
10 years (120 months)
Estimated maturity
January 29, 2036 (estimated, approval date plus term)
Estimated monthly payment
$6,334 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 6, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Gloucester County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Average acquisition loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,758,508.
  • Average acquisition loan in New Jersey: $1,626,307.

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 New Jersey