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Plumbing, Heating, and Air-Conditioning Contractors: SBA acquisition loans in Illinois
20 SBA-financed business acquisitions in Illinois classified as Plumbing, Heating, and Air-Conditioning Contractors, FY2024–FY2026. Median loan $887K. See which lenders did them.
- Acquisitions financed
- 20
- Total approved
- $22.2M
- Median loan
- $887K
- Middle half of loans
- $230K to $1.2M
- Median starting rate
- 9.75%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 6 | 30% | $1.4M | $11.7M |
| 2 | The Huntington National Bank | 3 | 15% | $605K | $1.7M |
| 3 | First Internet Bank of Indiana | 2 | 10% | $650K | $1.3M |
| 4 | First American Bank | 1 | 5% | $2.6M | $2.6M |
| 5 | Busey Bank | 1 | 5% | $1.2M | $1.2M |
| 6 | CenTrust Bank, A Division of SmartBiz Bank National Association | 1 | 5% | $994K | $994K |
| 7 | First National Bank of Pennsylvania | 1 | 5% | $891K | $891K |
| 8 | The Bank of Houston | 1 | 5% | $882K | $882K |
| 9 | Peru Federal Savings Bank | 1 | 5% | $349K | $349K |
| 10 | Better Banks | 1 | 5% | $240K | $240K |
| 11 | Midland States Bank | 1 | 5% | $200K | $200K |
| 12 | CIBC Bank USA | 1 | 5% | $125K | $125K |
For comparison, the same industry nationwide: 429 loans, median $800K, median starting rate 9.50%. See Plumbing, Heating, and Air-Conditioning Contractors in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.