Main Street Registry

Garner Heating and Air Conditioning Inc

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

Garner Heating and Air Conditioning Inc is located in Kyle, Texas, and operates in plumbing, heating, and air-conditioning contracting. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $3,330,000, approved on January 31, 2025, through Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Jan 31, 2025

Gross approval
$3,330,000
SBA-guaranteed amount
$2,497,500 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
10 years (120 months)
Estimated maturity
January 31, 2035 (estimated, approval date plus term)
Estimated monthly payment
$42,635 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Hays 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)

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 Texas