Main Street Registry

Electric West, Inc.

Mount Vernon, WA · Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

Electric West, Inc. is an electrical contractor in Mount Vernon, WA, classified under electrical contractors and other wiring installation contractors. The company was financed with an SBA 7(a) loan for a change of ownership of $1,016,000, approved in August 2026 by Peoples Bank.

SBA 7(a) loan, change of ownership, approved Aug 7, 2026

$1,016,000 approvedLender: Peoples Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,016,000
SBA-guaranteed amount
$762,000 (75% of the approval)
Lender
Peoples Bank, Bellingham, WA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.95%, variable
Term
10 years (120 months)
Estimated maturity
August 7, 2036 (estimated, approval date plus term)
Estimated monthly payment
$12,300 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 14, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
238210, Electrical Contractors and Other Wiring Installation Contractors
Project location
Skagit County, WA
SBA district office
Seattle District Office
Congressional district
WA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 30% 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Washington