Austeer Holdings LLC
Austeer Holdings LLC is an electrical contracting business in Glenville, PA, in the Electrical Contractors and Other Wiring Installation Contractors industry. The business was financed with an SBA 7(a) loan for a change of ownership of $2.375 million, approved on May 12, 2025, by Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved May 12, 2025
$2,375,000 approvedLender: Beacon Bank and Trust13 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,375,000
- SBA-guaranteed amount
- $1,781,250 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 13 years (156 months)
- Estimated maturity
- May 12, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $26,566 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 2, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 238210, Electrical Contractors and Other Wiring Installation Contractors
- Project location
- York County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 69% 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 Pennsylvania: $1,636,965.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Pennsylvania
- Jerry Davis, Inc., Philadelphia
- Kline GP, LLC, Butler