Energy Electric Co., Inc.
Energy Electric Co., Inc., located in Foxboro, Massachusetts, operates in electrical contracting and other wiring installation contractors. The company financed real estate or equipment through an SBA 504 loan of $1,829,000 approved on May 13, 2025, through Webster Bank National Association with Bay Colony Development Corporation as the certified development company.
SBA 504 loan, approved May 13, 2025
$1,829,000 SBA portionCDC: Bay Colony Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,829,000
- Bank portion
- $1,815,000
- Estimated project size
- $4,048,889 (estimated)
- Estimated owner equity
- $404,889 (estimated, about 10% of the project)
- Bank lender
- Webster Bank National Association, Waterbury, CT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 13, 2050 (estimated, approval date plus term)
- First disbursement
- Oct 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 238210, Electrical Contractors and Other Wiring Installation Contractors
- Project location
- Norfolk County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-4
- Collateral
- Yes
Estimated share of project by source
Bank 45% SBA (CDC) 45% Owner 10%
- Larger than 61% of expansion loans in Electrical Contractors and Other Wiring Installation Contractors on this site.
- Average expansion loan in Electrical Contractors and Other Wiring Installation Contractors: $2,211,634.
- Average expansion loan in Massachusetts: $2,009,683.
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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