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Willco-Air Conditioning, Refrigeration,Heating,Acqusition LLC

Branchville, NJ · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Willco-Air Conditioning, Refrigeration,Heating,Acqusition LLC is a plumbing, heating, and air-conditioning contractor located in Branchville, NJ. The business was financed with an SBA 7(a) loan for a change of ownership totaling $2,042,500, approved by The Huntington National Bank on January 16, 2024.

SBA 7(a) loan, change of ownership, approved Jan 16, 2024

$2,042,500 approvedLender: The Huntington National Bank119 months termPaid in fullLoan details
Gross approval
$2,042,500
SBA-guaranteed amount
$1,531,875 (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
10%, variable
Term
9 years, 11 months (119 months)
Estimated maturity
December 16, 2033 (estimated, approval date plus term)
Estimated monthly payment
$27,124 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 14, 2024
Loan status
Paid in full
Jobs supported
2
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Sussex County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-05
Collateral
No
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 70% 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 New Jersey: $1,626,307.

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 New Jersey