Gorman Cooler Supply
Gorman Cooler Supply is located in Phoenix, Arizona, and operates in warm air heating and air-conditioning equipment and supplies merchant wholesaling. The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,980,000, approved on February 13, 2026, by First Internet Bank of Indiana.
SBA 7(a) loan, change of ownership, approved Feb 13, 2026
$2,980,000 approvedLender: First Internet Bank of Indiana25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,980,000
- SBA-guaranteed amount
- $2,235,000 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- February 13, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $25,520 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 27, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 423730, Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers: $2,098,057.
- Average acquisition loan in Arizona: $1,690,811.
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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