Main Street Registry

Solarise Solar

Colorado Springs, CO · Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

Solarise Solar is located in Colorado Springs, CO, and the SBA lists its industry as Electrical Contractors and Other Wiring Installation Contractors. It was approved for an SBA 7(a) loan of $2,927,000 for a change of ownership on May 23, 2025.

SBA 7(a) loan, change of ownership, approved May 23, 2025

Gross approval
$2,927,000
SBA-guaranteed amount
$2,195,250 (75% of the approval)
Lender
First Internet Bank of Indiana, Fishers, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
May 23, 2035 (estimated, approval date plus term)
Estimated monthly payment
$39,087 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 30, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
28
Business type
Corporation
NAICS
238210, Electrical Contractors and Other Wiring Installation Contractors
Project location
El Paso County, CO
SBA district office
Colorado District Office
Congressional district
CO-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 Colorado