Buck's Electric
Buck's Electric is located in Cape May Court House, NJ, and the SBA lists its industry as Electrical Contractors and Other Wiring Installation Contractors. It was approved for an SBA 7(a) loan of $1,110,000 for a change of ownership on September 25, 2026.
SBA 7(a) loan, change of ownership, approved Sep 25, 2026
- Gross approval
- $1,110,000
- SBA-guaranteed amount
- $832,500 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 25, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $9,698 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 238210, Electrical Contractors and Other Wiring Installation Contractors
- Project location
- Cape May County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 33% 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 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
- Wire Wiz Holdings LLC, Egg Harbor Township
- First Choice Electric and Generators LLC, Allentown