Edge Electric of Wisconsin, Inc.
Edge Electric of Wisconsin, Inc. is an electrical contracting business in Pewaukee, Wisconsin, 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 of $5,000,000, approved by Ixonia Bank on April 9, 2024.
SBA 7(a) loan, change of ownership, approved Apr 9, 2024
$5,000,000 approvedLender: Ixonia Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Ixonia Bank, Ixonia, WI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 6.85%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- April 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $57,668 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 123
- Business type
- Corporation
- NAICS
- 238210, Electrical Contractors and Other Wiring Installation Contractors
- Project location
- Waukesha County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 98% 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 Wisconsin: $1,729,230.
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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- Scheler Holdings, LLC, Pewaukee