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JD's Heating & Air Conditioning

Carmel, IN · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

JD's Heating & Air Conditioning is a business in Carmel, IN, in the plumbing, heating, and air-conditioning contractors industry (NAICS 238220). It was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $920,000 approved on November 19, 2025 through First Internet Bank of Indiana.

SBA 7(a) loan, change of ownership, approved Nov 19, 2025

$920,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$920,000
SBA-guaranteed amount
$690,000 (75% of the approval)
Lender
First Internet Bank of Indiana, Fishers, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
November 19, 2035 (estimated, approval date plus term)
Estimated monthly payment
$12,031 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 19, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Hamilton County, IN
SBA district office
Indiana District Office
Congressional district
IN-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 28% 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 Indiana: $1,995,900.

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 Indiana