Northern Solutions Inc.
97 Commercial Dr, Iowa City, IA 52246 · Plumbing, Heating, and Air-conditioning Contractors (NAICS 238220)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
2
Total Amount
$1.8M
Jobs Supported
19
Years Active
2020–2020
Loan History (2)
Source: SBA FOIA7(a)$300,000
Paid in Full
- Approved
- Dec 26, 2019 (FY2020)
- SBA Guaranteed
- $150,000 (50%)
- Term
- 65 months (5.4 yrs)
- Interest Rate
- 6.25%
- Revolver
- 1
- Jobs Supported
- 19
- Business Type
- Corporation
- Business Age
- Startup, Loan Funds Will Open Business
- Industry
- Plumbing, Heating, and Air-conditioning Contractors (NAICS 238220)
- Paid in Full
- Jun 30, 2025
Lender
Farmers and Merchants Savings Bank
101 E Main St, Manchester, IA 52057
Project Location
Johnson County, IA
7(a)$1,545,000
Paid in Full
- Approved
- Dec 30, 2019 (FY2020)
- SBA Guaranteed
- $1,158,750 (75%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 7.25%
- Revolver
- 0
- Business Type
- Corporation
- Business Age
- Change of Ownership
- Industry
- Plumbing, Heating, and Air-conditioning Contractors (NAICS 238220)
- Paid in Full
- Aug 31, 2025
Lender
Gulf Coast Bank and Trust Company
200 St. Charles Ave, New Orleans, LA 70130
Project Location
Johnson County, IA
Business Details
- Business Type
- Corporation
- Business Age
- Startup, Loan Funds Will Open Business
- NAICS Code
- 238220 — Plumbing, Heating, and Air-conditioning Contractors
- Address
- 97 Commercial Dr
Iowa City, IA 52246
Lenders
- Farmers and Merchants Savings Bank
- 101 E Main St, Manchester, IA 52057
- Gulf Coast Bank and Trust Company
- 200 St. Charles Ave, New Orleans, LA 70130