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Electrical Contractors and Other Wiring Installation Contractors: SBA acquisition loans in Minnesota
13 SBA-financed business acquisitions in Minnesota classified as Electrical Contractors and Other Wiring Installation Contractors, FY2024–FY2026. Median loan $514K. See which lenders did them.
- Acquisitions financed
- 13
- Total approved
- $12.6M
- Median loan
- $514K
- Middle half of loans
- $180K to $1.2M
- Median starting rate
- 9.75%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 2 | 15% | $670K | $1.3M |
| 2 | Platinum Bank | 2 | 15% | $212K | $425K |
| 3 | Associated Bank National Association | 1 | 8% | $3.4M | $3.4M |
| 4 | CCFBank National Association | 1 | 8% | $2.8M | $2.8M |
| 5 | Falcon National Bank | 1 | 8% | $1.4M | $1.4M |
| 6 | The Bank of Elk River | 1 | 8% | $1.2M | $1.2M |
| 7 | Alerus Financial, National Association | 1 | 8% | $900K | $900K |
| 8 | Frandsen Bank and Trust | 1 | 8% | $514K | $514K |
| 9 | First Resource Bank | 1 | 8% | $350K | $350K |
| 10 | Bell Bank | 1 | 8% | $137K | $137K |
| 11 | First Bank of the Lake | 1 | 8% | $137K | $137K |
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.