Quality Electric Service, LLC
Quality Electric Service, LLC, located in Murfreesboro, TN, is in the electrical contractors and other wiring installation contractors industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,415,100, approved on February 25, 2025, through Merchants & Marine Bank. The loan was reported with 17 jobs.
SBA 7(a) loan, change of ownership, approved Feb 25, 2025
$1,415,100 approvedLender: Merchants & Marine Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,415,100
- SBA-guaranteed amount
- $1,061,325 (75% of the approval)
- Lender
- Merchants & Marine Bank, Pascagoula, MS
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 25, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $18,701 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 7, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 238210, Electrical Contractors and Other Wiring Installation Contractors
- Project location
- Rutherford County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 45% 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 Tennessee: $1,738,925.
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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