Pacific Energy Limited Liability Company
Pacific Energy Limited Liability Company is an electrical contracting business in Kahului, Hawaii, in the Electrical Contractors and Other Wiring Installation Contractors industry. The company was financed with an SBA 7(a) loan for a change of ownership of $2.83 million, approved on May 6, 2024, by 22nd State Bank, A Division of 22nd State Banking Company.
SBA 7(a) loan, change of ownership, approved May 6, 2024
$2,830,000 approvedLender: 22nd State Bank, A Division of 22nd State Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,830,000
- SBA-guaranteed amount
- $2,122,500 (75% of the approval)
- Lender
- 22nd State Bank, A Division of 22nd State Banking Company, Mobile, AL
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 6, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $39,385 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 238210, Electrical Contractors and Other Wiring Installation Contractors
- Project location
- Maui County, HI
- SBA district office
- Hawaii District Office
- Congressional district
- HI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 77% 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 Hawaii: $1,359,741.
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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Same industry in Hawaii
- Ron D Electrical LLC, Waipahu