Main Street Registry

LMS Electric, a California corporation

Glendale, CA · Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

LMS Electric, a California corporation, is an electrical contractor in Glendale, California, classified under NAICS 238210 (Electrical Contractors and Other Wiring Installation Contractors). The company financed real estate or equipment through an SBA 504 loan of $1,395,000, approved on March 14, 2024 by First-Citizens Bank & Trust Company with Advantage Certified Development Corporation as the certified development company.

SBA 504 loan, approved Mar 14, 2024

$1,395,000 SBA portionCDC: Advantage Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,395,000
Bank portion
$1,700,000
Estimated project size
$3,438,889 (estimated)
Estimated owner equity
$343,889 (estimated, about 10% of the project)
Bank lender
First-Citizens Bank & Trust Company, Raleigh, NC
CDC
Advantage Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
March 14, 2049 (estimated, approval date plus term)
First disbursement
Dec 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
238210, Electrical Contractors and Other Wiring Installation Contractors
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-28
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 34% 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 California: $2,161,468.

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 California