Best Quality Electric
Best Quality Electric, located in Hicksville, NY, operates in the electrical contractors and other wiring installation contractors industry. The business financed real estate or equipment through an SBA 504 loan of $1,090,000, with approval dated March 27, 2025, through Trenton Business Assistance Corporation and Morgan Stanley Bank, National Association, and reported 12 jobs.
SBA 504 loan, approved Mar 27, 2025
$1,090,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,090,000
- Bank portion
- $1,330,000
- Estimated project size
- $2,688,889 (estimated)
- Estimated owner equity
- $268,889 (estimated, about 10% of the project)
- Bank lender
- Morgan Stanley Bank, National Association, Salt Lake City, UT
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- March 27, 2050 (estimated, approval date plus term)
- First disbursement
- Jul 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 238210, Electrical Contractors and Other Wiring Installation Contractors
- Project location
- Nassau County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 10% of expansion loans in Electrical Contractors and Other Wiring Installation Contractors on this site.
- Average expansion loan in Electrical Contractors and Other Wiring Installation Contractors: $2,211,634.
- Average expansion loan in New York: $2,225,161.
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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