Lion H.V.A.C. Supplies Inc.
Lion H.V.A.C. Supplies Inc. is a warm air heating and air-conditioning equipment and supplies merchant wholesaler located in Ridgewood aka Maspeth, NY. The business was approved for an SBA 504 loan of $5,000,000 through the Trenton Business Assistance Corporation and JPMorgan Chase Bank, National Association, with an approval date of August 1, 2025.
SBA 504 loan, approved Aug 1, 2025
$5,000,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $5,000,000
- Bank portion
- $17,509,000
- Estimated project size
- $25,010,000 (estimated)
- Estimated owner equity
- $2,501,000 (estimated, about 10% of the project)
- Bank lender
- JPMorgan Chase Bank, National Association, Columbus, OH
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- August 1, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 423730, Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers
- Project location
- Queens County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-6
- Collateral
- Yes
Estimated share of project by source
Bank 70% SBA (CDC) 20% Owner 10%
- Average expansion loan in Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers: $3,156,000.
- Average expansion loan in New York: $2,225,161.
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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