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Electric Motor Service, Inc.

Saint Cloud, MN · Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

Electric Motor Service, Inc. is a business in Saint Cloud, Minnesota, in the electrical contractors and wiring installation contractors industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,371,000, approved by Falcon National Bank on December 30, 2025.

SBA 7(a) loan, change of ownership, approved Dec 30, 2025

$1,371,000 approvedLender: Falcon National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,371,000
SBA-guaranteed amount
$1,028,250 (75% of the approval)
Lender
Falcon National Bank, Foley, MN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.25%, variable
Term
10 years (120 months)
Estimated maturity
December 30, 2035 (estimated, approval date plus term)
Estimated monthly payment
$16,096 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 9, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
238210, Electrical Contractors and Other Wiring Installation Contractors
Project location
Stearns County, MN
SBA district office
Minnesota District Office
Congressional district
MN-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 44% 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 Minnesota: $1,482,119.

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 Minnesota