Main Street Registry

Kern Home Services LLC

Beach Park, IL · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Kern Home Services LLC is located in Beach Park, IL, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 7(a) loan of $1,800,000 for a change of ownership on December 23, 2024.

SBA 7(a) loan, change of ownership, approved Dec 23, 2024

Gross approval
$1,800,000
SBA-guaranteed amount
$1,350,000 (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
9.5%, variable
Term
15 years (180 months)
Estimated maturity
December 23, 2039 (estimated, approval date plus term)
Estimated monthly payment
$18,796 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Lake County, IL
SBA district office
Illinois District Office
Congressional district
IL-10
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 Illinois