Main Street Registry

Grotto Plumbing and Associates, Inc.

Hawthorne, NY · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Grotto Plumbing and Associates, Inc. is a plumbing, heating, and air-conditioning contractor located in Hawthorne, NY. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $3,027,000 from Celtic Bank Corporation, approved on August 5, 2026.

SBA 7(a) loan, change of ownership, approved Aug 5, 2026

$3,027,000 approvedLender: Celtic Bank Corporation10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,027,000
SBA-guaranteed amount
$2,270,250 (75% of the approval)
Lender
Celtic Bank Corporation, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
10 years (120 months)
Estimated maturity
August 5, 2036 (estimated, approval date plus term)
Estimated monthly payment
$37,936 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 21, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
32
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Westchester County, NY
SBA district office
New York District Office
Congressional district
NY-17
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 86% 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 New York: $1,771,512.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in New York