Genius Companies LLC
Genius Companies LLC is located in Grand Forks, ND, and the SBA lists its industry as Electrical Contractors and Other Wiring Installation Contractors. It was approved for an SBA 7(a) loan of $994,000 for a change of ownership on March 25, 2025.
SBA 7(a) loan, change of ownership, approved Mar 25, 2025
- Gross approval
- $994,000
- SBA-guaranteed amount
- $745,500 (75% of the approval)
- Lender
- Alerus Financial, National Association, Grand Forks, ND
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 25, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,592 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- LLC or partnership
- NAICS
- 238210, Electrical Contractors and Other Wiring Installation Contractors
- Project location
- Grand Forks County, ND
- SBA district office
- North Dakota District Office
- Congressional district
- ND-00
- 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 North Dakota: $1,899,142.
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 North Dakota
- H and H Electric, Inc., Williston