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Veteran Executive Leadership LLC

Hanover, PA · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Veteran Executive Leadership LLC is a plumbing, heating, and air-conditioning contracting business in Hanover, Pennsylvania. The company was financed with an SBA 7(a) loan for a change of ownership of $931,000, approved on February 23, 2024, by Manufacturers and Traders Trust Company.

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

$931,000 approvedLender: Manufacturers and Traders Trust Company186 months termStatus not reported (SBA exemption)Loan details
Gross approval
$931,000
SBA-guaranteed amount
$698,250 (75% of the approval)
Lender
Manufacturers and Traders Trust Company, Buffalo, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
15 years, 6 months (186 months)
Estimated maturity
August 23, 2039 (estimated, approval date plus term)
Estimated monthly payment
$9,866 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 8, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
York County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-11
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 29% 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 Pennsylvania: $1,636,965.

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 Pennsylvania