Main Street Registry

McCombs Electrical Heating and Air Inc.

Milton, FL · Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

McCombs Electrical Heating and Air Inc. is located in Milton, FL, and the SBA lists its industry as Electrical Contractors and Other Wiring Installation Contractors. It was approved for an SBA 7(a) loan of $3,222,000 for a change of ownership on October 25, 2024.

SBA 7(a) loan, change of ownership, approved Oct 25, 2024

Gross approval
$3,222,000
SBA-guaranteed amount
$2,416,500 (75% of the approval)
Lender
The Fidelity Bank, Fuquay Varina, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
16 years, 8 months (200 months)
Estimated maturity
June 25, 2041 (estimated, approval date plus term)
Estimated monthly payment
$33,156 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
27
Business type
Corporation
NAICS
238210, Electrical Contractors and Other Wiring Installation Contractors
Project location
Santa Rosa County, FL
SBA district office
North Florida District Office
Congressional district
FL-01
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 Florida