Main Street Registry

InnoVen ACQ4 LLC

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

InnoVen ACQ4 LLC is located in Dallas, TX, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 7(a) loan of $643,000 for a change of ownership on December 15, 2023.

SBA 7(a) loan, change of ownership, approved Dec 15, 2023

Gross approval
$643,000
SBA-guaranteed amount
$482,250 (75% of the approval)
Lender
United Midwest Savings Bank National Association, De Graff, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
December 15, 2033 (estimated, approval date plus term)
Estimated monthly payment
$8,676 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 28, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-24
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