Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers: SBA acquisition lenders
31 recorded SBA 7(a) acquisition approvals for Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers, FY2024–FY2026. Median approved loan: $1.2M. See lenders and activity by state.
- Acquisitions financed
- 31
- Total approved
- $48.3M
- Median loan
- $1.2M
- Middle half of loans
- $518K to $2.3M
- Median starting rate
- 9.50%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 5 | 16% | $1.3M | $11.3M |
| 2 | First Internet Bank of Indiana | 4 | 13% | $368K | $4.5M |
| 3 | The Huntington National Bank | 4 | 13% | $704K | $4.2M |
| 4 | Meridian Bank | 2 | 6% | $675K | $1.4M |
| 5 | Old National Bank | 2 | 6% | $468K | $936K |
| 6 | OakStar Bank | 1 | 3% | $4.8M | $4.8M |
| 7 | Haddon Savings Bank | 1 | 3% | $3.1M | $3.1M |
| 8 | US Century Bank | 1 | 3% | $3.0M | $3.0M |
| 9 | PNC Bank, National Association | 1 | 3% | $2.9M | $2.9M |
| 10 | American Momentum Bank | 1 | 3% | $1.9M | $1.9M |
| 11 | Vallant Bank | 1 | 3% | $1.8M | $1.8M |
| 12 | Prosperity Bank | 1 | 3% | $1.7M | $1.7M |
| 13 | Firstrust Savings Bank | 1 | 3% | $1.5M | $1.5M |
| 14 | Midwest BankCentre | 1 | 3% | $1.2M | $1.2M |
| 15 | Hyperion Bank | 1 | 3% | $1.1M | $1.1M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Florida | 8 | $726K | $7.3M |
| Pennsylvania | 4 | $1.2M | $3.9M |
| Indiana | 3 | $2.9M | $6.7M |
| Connecticut | 3 | $1.3M | $6.3M |
| Kentucky | 2 | $2.5M | $5.0M |
| Georgia | 2 | $1.5M | $3.0M |
| Ohio | 2 | $1.4M | $2.8M |
| Texas | 2 | $1.2M | $2.4M |
| Michigan | 2 | $468K | $936K |
| Oklahoma | 1 | $4.8M | $4.8M |
| New Jersey | 1 | $3.1M | $3.1M |
| Virginia | 1 | $1.9M | $1.9M |