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Electrical Contractors and Other Wiring Installation Contractors: SBA acquisition loans in Michigan
5 SBA-financed business acquisitions in Michigan classified as Electrical Contractors and Other Wiring Installation Contractors, FY2024–FY2026. Median loan $1.7M. See which lenders did them.
- Acquisitions financed
- 5
- Total approved
- $8.6M
- Median loan
- $1.7M
- Middle half of loans
- $350K to $2.2M
- Median starting rate
- 9.50%
- Median term
- 10 yrs
How to interpret this profile and build a shortlist →
Small sample. This local profile has 5 recorded approvals in FY2024–FY2026. For a broader comparison, open the Michigan state profile or the national industry profile.
Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | First Internet Bank of Indiana | 2 | 40% | $2.2M | $4.4M |
| 2 | The Huntington National Bank | 2 | 40% | $990K | $2.0M |
| 3 | Fifth Third Bank | 1 | 20% | $2.2M | $2.2M |
For comparison, the same industry nationwide: 202 loans, median $984K, median starting rate 9.50%. See Electrical Contractors and Other Wiring Installation Contractors in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.