Electric West, Inc.
Electric West, Inc. is located in Mount Vernon, WA, and the SBA lists its industry as Electrical Contractors and Other Wiring Installation Contractors. It was approved for an SBA 7(a) loan of $1,016,000 for a change of ownership on August 7, 2026.
SBA 7(a) loan, change of ownership, approved Aug 7, 2026
- Gross approval
- $1,016,000
- SBA-guaranteed amount
- $762,000 (75% of the approval)
- Lender
- Peoples Bank, Bellingham, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.95%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 7, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $12,300 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 14, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 238210, Electrical Contractors and Other Wiring Installation Contractors
- Project location
- Skagit County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 30% 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 Washington: $1,784,595.
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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Same industry in Washington
- Accurate Electric Unlimited, Inc., Ridgefield
- NW Power and Air LLC, Bremerton
- Brashear Electric, Inc, Richland