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Qwest Electric LLC

Mooresville, NC · Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

Qwest Electric LLC is located in Mooresville, NC, and the SBA lists its industry as Electrical Contractors and Other Wiring Installation Contractors. It was approved for an SBA 7(a) loan of $2,731,000 for a change of ownership on March 3, 2025.

SBA 7(a) loan, change of ownership, approved Mar 3, 2025

Gross approval
$2,731,000
SBA-guaranteed amount
$2,048,250 (75% of the approval)
Lender
First Internet Bank of Indiana, Fishers, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
8 years (96 months)
Estimated maturity
March 3, 2033 (estimated, approval date plus term)
Estimated monthly payment
$41,441 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 14, 2025
Loan status
Paid in full
Jobs supported
47
Business type
Corporation
NAICS
238210, Electrical Contractors and Other Wiring Installation Contractors
Project location
Rowan County, NC
SBA district office
North Carolina District Office
Congressional district
NC-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 North Carolina