Yankee Electric & Company, LLC
Yankee Electric & Company, LLC, located in Berlin, NH, operates 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 in the amount of $2,635,000, approved on April 21, 2026, through Beacon Bank and Trust. The loan has a 120-month term and reports 52 jobs.
SBA 7(a) loan, change of ownership, approved Apr 21, 2026
$2,635,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,635,000
- SBA-guaranteed amount
- $1,804,975 (68% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 21, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $30,595 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 52
- Business type
- Corporation
- NAICS
- 238210, Electrical Contractors and Other Wiring Installation Contractors
- Project location
- Coos County, NH
- SBA district office
- New Hampshire District Office
- Congressional district
- NH-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 73% 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 New Hampshire: $1,811,437.
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 New Hampshire
- Voltworks, Inc., Merrimack