Southeast Electrical Supply, Inc
Southeast Electrical Supply, Inc is located in Bainbridge, GA, and the SBA lists its industry as Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers. It was approved for an SBA 7(a) loan of $1,805,000 for a change of ownership on September 30, 2026.
SBA 7(a) loan, change of ownership, approved Sep 30, 2026
- Gross approval
- $1,805,000
- SBA-guaranteed amount
- $1,353,750 (75% of the approval)
- Lender
- Vallant Bank, Elberton, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 13 years (156 months)
- Estimated maturity
- September 30, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $19,154 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 423610, Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
- Project location
- Decatur County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 55% of acquisition loans in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers on this site.
- Average acquisition loan in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers: $1,962,200.
- Average acquisition loan in Georgia: $2,017,638.
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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