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Forever & Always Properties, LLC

Warrensville Heights, OH · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Forever & Always Properties, LLC is a plumbing, heating, and air-conditioning contractor located in Warrensville Heights, Ohio. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,000,000, approved on February 17, 2025 by The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Feb 17, 2025

$1,000,000 approvedLender: The Huntington National Bank16 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,000,000
SBA-guaranteed amount
$750,000 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.6%, fixed
Term
16 years (192 months)
Estimated maturity
February 17, 2041 (estimated, approval date plus term)
Estimated monthly payment
$9,016 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Cuyahoga County, OH
SBA district office
Columbus District Office
Congressional district
OH-11
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 33% 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 Ohio: $1,840,340.

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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