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James A. Stone Electric, Inc.

White Plains, NY · Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

James A. Stone Electric, Inc. is an electrical contractor in White Plains, NY, classified under NAICS 238210 (Electrical Contractors and Other Wiring Installation Contractors). The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $645,200, approved by First Merchants Bank on August 3, 2026.

SBA 7(a) loan, change of ownership, approved Aug 3, 2026

$645,200 approvedLender: First Merchants Bank10 years termCommitted, not fully disbursedLoan details
Gross approval
$645,200
SBA-guaranteed amount
$483,900 (75% of the approval)
Lender
First Merchants Bank, Indianapolis, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
August 3, 2036 (estimated, approval date plus term)
Estimated monthly payment
$8,349 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
12
Business type
Corporation
NAICS
238210, Electrical Contractors and Other Wiring Installation Contractors
Project location
Westchester County, NY
SBA district office
New York District Office
Congressional district
NY-16
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 8% 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 New York: $1,771,512.

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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