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Horvitz Plumbing LLC

Dorchester, MA · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Horvitz Plumbing LLC, located in Dorchester, MA, operates in plumbing, heating, and air-conditioning contracting (NAICS 238220). The business was financed with an SBA 7(a) loan for a change of ownership of $1.6 million, approved on March 3, 2025, by FDIC - Community Bank & Trust-West Georgia.

SBA 7(a) loan, change of ownership, approved Mar 3, 2025

$1,600,000 approvedLender: FDIC - Community Bank & Trust-West Georgia10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,600,000
SBA-guaranteed amount
$1,200,000 (75% of the approval)
Lender
FDIC - Community Bank & Trust-West Georgia, LaGrange, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
March 3, 2035 (estimated, approval date plus term)
Estimated monthly payment
$21,590 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 11, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Suffolk County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 57% 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 Massachusetts: $1,643,977.

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 Massachusetts