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Leaky's Water and Air, LLC

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

Leaky's Water and Air, LLC is a plumbing, heating, and air-conditioning contractor located in San Antonio, Texas. The company was financed with an SBA 7(a) loan for a change of ownership totaling $855,000, approved on January 10, 2025, through Milestone Bank.

SBA 7(a) loan, change of ownership, approved Jan 10, 2025

$855,000 approvedLender: Milestone Bank122 months termStatus not reported (SBA exemption)Loan details
Gross approval
$855,000
SBA-guaranteed amount
$641,250 (75% of the approval)
Lender
Milestone Bank, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years, 2 months (122 months)
Estimated maturity
March 10, 2035 (estimated, approval date plus term)
Estimated monthly payment
$11,310 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 23, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Bexar County, TX
SBA district office
San Antonio District Office
Congressional district
TX-20
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 23% 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 Texas: $1,944,682.

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