Classic Electric Service, Inc.
Classic Electric Service, Inc. is located in Raleigh, NC, and the SBA lists its industry as Electrical Contractors and Other Wiring Installation Contractors. It was approved for an SBA 7(a) loan of $1,100,000 for a change of ownership on July 27, 2026.
- Business type
- Corporation
- Business age reported
- Change of Ownership
SBA 7(a) loans, change of ownership
| Approved | Gross approval | SBA-guaranteed | Lender | Term | Rate | Jobs supported | Status |
|---|---|---|---|---|---|---|---|
| Jul 27, 2026 | $1,100,000 | $825,000 | The Fidelity Bank | 10 years | 9% variable | 12 | Committed, not fully disbursed |
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