Main Street Registry

Elward Enterprise, Inc.

Fort Wayne, IN · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Elward Enterprise, Inc. is located in Fort Wayne, IN, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 7(a) loan of $1,385,400 for a change of ownership on March 6, 2025.

SBA 7(a) loan, change of ownership, approved Mar 6, 2025

Gross approval
$1,385,400
SBA-guaranteed amount
$1,039,050 (75% of the approval)
Lender
1st Source Bank, South Bend, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
March 6, 2035 (estimated, approval date plus term)
Estimated monthly payment
$18,500 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Franchise
Roto-Rooter - Independent Contractor Agreement
Project location
Allen County, IN
SBA district office
Indiana District Office
Congressional district
IN-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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 Indiana