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Underwood Plumbing & Septic Services LLC

Bonham, TX · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Underwood Plumbing & Septic Services LLC is a plumbing, heating, and air-conditioning contractor located in Bonham, Texas, in the plumbing, heating, and air-conditioning contractors industry. The business was financed with an SBA 7(a) loan for a change of ownership, with two loans totaling $3,000,000 approved by Byline Bank on December 29, 2025.

SBA 7(a) loan, change of ownership, approved Dec 29, 2025

$2,500,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,500,000
SBA-guaranteed amount
$1,875,000 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
10 years (120 months)
Estimated maturity
December 29, 2035 (estimated, approval date plus term)
Estimated monthly payment
$32,008 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Fannin County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 78% 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 Texas: $1,944,682.

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.

SBA 7(a) loan, change of ownership, approved Dec 29, 2025

$500,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$250,000 (50% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
10 years (120 months)
Estimated maturity
December 29, 2035 (estimated, approval date plus term)
Estimated monthly payment
$6,402 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Fannin County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Average acquisition loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,758,508.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas