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Sloan Electromechanical Service & Sales

San Diego, CA · Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

Sloan Electromechanical Service & Sales, located in San Diego, CA, operates in the electrical contractors and wiring installation contractors industry. The business was financed with an SBA 7(a) loan for a change of ownership of $1,832,800, approved by The Bancorp Bank National Association on April 8, 2025.

SBA 7(a) loan, change of ownership, approved Apr 8, 2025

$1,832,800 approvedLender: The Bancorp Bank National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,832,800
SBA-guaranteed amount
$1,374,600 (75% of the approval)
Lender
The Bancorp Bank National Association, Sioux Falls, SD
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
10 years (120 months)
Estimated maturity
April 8, 2035 (estimated, approval date plus term)
Estimated monthly payment
$22,970 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 29, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
238210, Electrical Contractors and Other Wiring Installation Contractors
Project location
San Diego County, CA
SBA district office
San Diego District Office
Congressional district
CA-51
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 57% 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 California: $1,688,228.

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 California