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Oakstone Holdings LLC

Villa Park, IL · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Oakstone Holdings LLC is located in Villa Park, Illinois, and operates in plumbing, heating, and air-conditioning contracting. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,050,000, approved on February 25, 2025, by The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Feb 25, 2025

$1,050,000 approvedLender: The Huntington National Bank15 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,050,000
SBA-guaranteed amount
$787,500 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.35%, fixed
Term
15 years (180 months)
Estimated maturity
February 25, 2040 (estimated, approval date plus term)
Estimated monthly payment
$10,870 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Dupage County, IL
SBA district office
Illinois District Office
Congressional district
IL-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 35% 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 Illinois: $1,796,780.

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 Illinois