Justice Energy Solutions, Inc.
Justice Energy Solutions, Inc. is located in Lee, Massachusetts, and is classified under electrical contractors and other wiring installation contractors. The company was financed with an SBA 7(a) loan for a change of ownership of $1,860,700, approved by Truliant FCU on December 31, 2024.
SBA 7(a) loan, change of ownership, approved Dec 31, 2024
$1,860,700 approvedLender: Truliant FCU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,860,700
- SBA-guaranteed amount
- $1,395,525 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 31, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $24,848 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 7, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 238210, Electrical Contractors and Other Wiring Installation Contractors
- Project location
- Berkshire County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 60% 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 Massachusetts: $1,643,977.
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 Massachusetts
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