Main Street Registry

Redline Electric & Solar

Tempe, AZ · Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

Redline Electric & Solar is a business located in Tempe, Arizona, in the Electrical Contractors and Other Wiring Installation Contractors industry. It was financed with an SBA 7(a) loan for a change of ownership of $1.675 million, approved from First Internet Bank of Indiana with a date of June 26, 2026.

SBA 7(a) loan, change of ownership, approved Jun 26, 2026

$1,675,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,675,000
SBA-guaranteed amount
$1,256,250 (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
9.5%, variable
Term
10 years (120 months)
Estimated maturity
June 26, 2036 (estimated, approval date plus term)
Estimated monthly payment
$21,674 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 10, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
238210, Electrical Contractors and Other Wiring Installation Contractors
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 51% 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 Arizona: $1,690,811.

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 Arizona