Main Street Registry

Mossy Rock Operations LLC

Hoquiam, WA · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Mossy Rock Operations LLC is a plumbing, heating, and air-conditioning contractor located in Hoquiam, Washington, classified under NAICS code 238220. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,950,000, approved on November 10, 2023, by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Nov 10, 2023

$1,950,000 approvedLender: Live Oak Banking Company14 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,950,000
SBA-guaranteed amount
$1,462,500 (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
10%, variable
Term
14 years (168 months)
Estimated maturity
November 10, 2037 (estimated, approval date plus term)
Estimated monthly payment
$21,610 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 18, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Grays Harbor County, WA
SBA district office
Seattle District Office
Congressional district
WA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 67% 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 Washington: $1,784,595.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Washington