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Irwin's Air

Key Largo, FL · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Irwin's Air is a plumbing, heating, and air-conditioning contractor in Key Largo, Florida, classified under NAICS 238220. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2.38 million, approved on March 13, 2025 by Live Oak Banking Company. The loan record lists 17 jobs.

SBA 7(a) loan, change of ownership, approved Mar 13, 2025

$2,380,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,380,000
SBA-guaranteed amount
$1,785,000 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.99%, variable
Term
10 years (120 months)
Estimated maturity
March 13, 2035 (estimated, approval date plus term)
Estimated monthly payment
$31,439 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 8, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Monroe County, FL
SBA district office
South Florida District Office
Congressional district
FL-26
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 76% 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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