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Howell Plumbing Enterprise LLC

New Smyrna Beach, FL · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Howell Plumbing Enterprise LLC is a plumbing, heating, and air-conditioning contractor in New Smyrna Beach, FL, in the plumbing, heating, and air-conditioning contractors industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1,379,300 approved on February 29, 2024, through The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Feb 29, 2024

$1,379,300 approvedLender: The Huntington National Bank119 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,379,300
SBA-guaranteed amount
$1,034,475 (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
10.75%, variable
Term
9 years, 11 months (119 months)
Estimated maturity
January 29, 2034 (estimated, approval date plus term)
Estimated monthly payment
$18,894 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 14, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Volusia County, FL
SBA district office
North Florida District Office
Congressional district
FL-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 49% 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 Florida: $1,808,559.

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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