Hegwood Electric Service, Inc.
Hegwood Electric Service, Inc. is a relay and industrial control manufacturer located in Peachtree Corners, Georgia. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3.5 million, approved by T Bank, National Association on June 11, 2026.
SBA 7(a) loan, change of ownership, approved Jun 11, 2026
$3,519,700 approvedLender: T Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,519,700
- SBA-guaranteed amount
- $2,639,775 (75% of the approval)
- Lender
- T Bank, National Association, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 11, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $43,170 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 24, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 335314, Relay and Industrial Control Manufacturing
- Project location
- Gwinnett County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Relay and Industrial Control Manufacturing: $3,519,700.
- Average acquisition loan in Georgia: $2,017,638.
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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