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Sweetwater Plumbing, LLC

Apex, NC · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Sweetwater Plumbing, LLC is a plumbing, heating, and air-conditioning contractor located in Apex, North Carolina. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,967,000 from First Bank of Central Ohio, approved on December 23, 2024.

SBA 7(a) loan, change of ownership, approved Dec 23, 2024

$1,967,000 approvedLender: First Bank of Central Ohio102 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,967,000
SBA-guaranteed amount
$1,475,250 (75% of the approval)
Lender
First Bank of Central Ohio, Worthington, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
8 years, 6 months (102 months)
Estimated maturity
June 23, 2033 (estimated, approval date plus term)
Estimated monthly payment
$28,703 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 3, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
19
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Wake County, NC
SBA district office
North Carolina District Office
Congressional district
NC-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 68% 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 North Carolina: $1,952,444.

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 North Carolina