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N. & T. Mechanical Contractors, Inc.

Sterling, MA · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

N. & T. Mechanical Contractors, Inc. is a plumbing, heating, and air-conditioning contractor in Sterling, Massachusetts. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1.74 million, approved on May 2, 2025, through Rockland Trust Company and the Worcester Business Development Corporation.

SBA 504 loan, approved May 2, 2025

$1,740,000 SBA portionCDC: Worcester Business Development Corporation25 years termPaid in fullLoan details
SBA (CDC) portion
$1,740,000
Bank portion
$2,125,000
Estimated project size
$4,294,444 (estimated)
Estimated owner equity
$429,444 (estimated, about 10% of the project)
Bank lender
Rockland Trust Company, Rockland, MA
CDC
Worcester Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 2, 2050 (estimated, approval date plus term)
First disbursement
Oct 15, 2025
Loan status
Paid in full
Jobs supported
3
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Worcester County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-2
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 52% of expansion loans in Plumbing, Heating, and Air-Conditioning Contractors on this site.
  • Average expansion loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,998,914.
  • Average expansion loan in Massachusetts: $2,009,683.

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 Massachusetts