Brashear Electric, Inc
Brashear Electric, Inc is located in Richland, WA, and the SBA lists its industry as Electrical Contractors and Other Wiring Installation Contractors. It was approved for an SBA 7(a) loan of $2,310,000 for a change of ownership on November 10, 2023.
SBA 7(a) loan, change of ownership, approved Nov 10, 2023
- Gross approval
- $2,310,000
- SBA-guaranteed amount
- $1,732,500 (75% of the approval)
- Lender
- Glacier Bank, Kalispell, MT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 10, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $30,527 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 20, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 49
- Business type
- Corporation
- NAICS
- 238210, Electrical Contractors and Other Wiring Installation Contractors
- Project location
- Benton County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 68% of acquisition loans in Electrical Contractors and Other Wiring Installation Contractors on this site.
- Average acquisition loan in Electrical Contractors and Other Wiring Installation Contractors: $1,890,316.
- Average acquisition loan in Washington: $1,784,595.
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 Washington
- Accurate Electric Unlimited, Inc., Ridgefield
- Electric West, Inc., Mount Vernon
- NW Power and Air LLC, Bremerton