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Rocky Mtn Heating & Sheetmetal LLC

Sedalia, CO · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Rocky Mtn Heating & Sheetmetal LLC is a plumbing, heating, and air-conditioning contractor located in Sedalia, CO. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $5,000,000, approved on December 19, 2023, through Midwest Regional Bank.

SBA 7(a) loan, change of ownership, approved Dec 19, 2023

$5,000,000 approvedLender: Midwest Regional Bank10 years termPaid in fullLoan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Midwest Regional Bank, Festus, MO
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
December 19, 2033 (estimated, approval date plus term)
Estimated monthly payment
$69,584 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 26, 2024
Loan status
Paid in full
Jobs supported
5
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Douglas County, CO
SBA district office
Colorado District Office
Congressional district
CO-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 97% 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 Colorado: $1,608,658.

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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