Lundy Heating & Air Inc.
Lundy Heating & Air Inc. is located in Perryville, Missouri, and is in the air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment manufacturing industry (NAICS 333415). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $637,200, approved on February 28, 2024 by The Bank of Missouri.
SBA 7(a) loan, change of ownership, approved Feb 28, 2024
$637,200 approvedLender: The Bank of Missouri10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $637,200
- SBA-guaranteed amount
- $477,900 (75% of the approval)
- Lender
- The Bank of Missouri, Perryville, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 28, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,986 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 333415, Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
- Project location
- Perry County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing: $925,733.
- Average acquisition loan in Missouri: $1,584,414.
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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