Main Street Registry

Los Angeles Electric Co.

Whittier, CA · Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

Los Angeles Electric Co. is an electrical contractor located in Whittier, California, classified under NAICS 238210 (Electrical Contractors and Other Wiring Installation Contractors). The company financed real estate or equipment through an SBA 504 loan of $1,469,000, approved on December 7, 2023, through First-Citizens Bank & Trust Company with Business Finance Capital as the certified development company.

SBA 504 loan, approved Dec 7, 2023

$1,469,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,469,000
Bank portion
$1,789,000
Estimated project size
$3,620,000 (estimated)
Estimated owner equity
$362,000 (estimated, about 10% of the project)
Bank lender
First-Citizens Bank & Trust Company, Raleigh, NC
CDC
Business Finance Capital
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
December 7, 2048 (estimated, approval date plus term)
First disbursement
May 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
238210, Electrical Contractors and Other Wiring Installation Contractors
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-38
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 41% 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 California: $2,161,468.

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 California