Electronic Controls of MS LLC
Electronic Controls of MS LLC is a security systems services business located in Brookhaven, Mississippi, classified under the industry description Security Systems Services (except Locksmiths). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $540,000, approved on January 23, 2025, through Trustmark Bank.
SBA 7(a) loan, change of ownership, approved Jan 23, 2025
$540,000 approvedLender: Trustmark Bank13 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $540,000
- SBA-guaranteed amount
- $405,000 (75% of the approval)
- Lender
- Trustmark Bank, Jackson, MS
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.27%, variable
- Term
- 13 years (156 months)
- Estimated maturity
- January 23, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $5,361 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 4, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 561621, Security Systems Services (except Locksmiths)
- Project location
- Lincoln County, MS
- SBA district office
- Mississippi District Office
- Congressional district
- MS-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Security Systems Services (except Locksmiths): $1,293,414.
- Average acquisition loan in Mississippi: $1,688,600.
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.