Energy Electric Co., Inc.
Energy Electric Co., Inc. is located in Foxboro, MA, and the SBA lists its industry as Electrical Contractors and Other Wiring Installation Contractors. It was approved for an SBA 504 loan ($1,829,000 SBA portion) on May 13, 2025 to finance real estate or equipment.
SBA 504 loan, approved May 13, 2025
- SBA (CDC) portion
- $1,829,000
- Bank portion
- $1,815,000
- Estimated project size
- $4,048,889 (estimated)
- Estimated owner equity
- $404,889 (estimated, about 10% of the project)
- Bank lender
- Webster Bank National Association, Waterbury, CT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 13, 2050 (estimated, approval date plus term)
- First disbursement
- Oct 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 238210, Electrical Contractors and Other Wiring Installation Contractors
- Project location
- Norfolk County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-4
- Collateral
- Yes
Estimated share of project by source
Bank 45% SBA (CDC) 45% Owner 10%
- Larger than 61% of expansion loans in Electrical Contractors and Other Wiring Installation Contractors on this site.
- Average expansion loan in Electrical Contractors and Other Wiring Installation Contractors: $2,211,634.
- Average expansion loan in Massachusetts: $2,009,683.
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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