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Brown Electric Inc. — SBA Loan Record (Babbitt, MN) | DealRoom

Intelligence/Electrical Contractors and Other Wiring Installation Contrac/MN

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SBA lending record

Brown Electric Inc.

2924 HIGHWAY 21, Babbitt, MN 55706 · Electrical Contractors and Other Wiring Installation Contrac. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$12K

Total SBA financing

1

Loan on record

FY2020

On record

4

Jobs supported

● business — business location is the ZIP-area centroid from the public record

Is Brown Electric Inc. your business?

This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.

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The loan

$12,000 — FY2020

Gross approval: $12,000
SBA guaranteed: $6,000 (50%)
Status: Cancelled
Rate at approval: 10.25% v
Term: 84 mo (7 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 3/12/2020
Collateral: None
Jobs supported: 4
Business type: Individual
Business age: Existing or more than 2 years old
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: U.S. Bank, National Association
Address: 2924 HIGHWAY 21
City: Babbitt, 55706
County: Saint Louis
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 8

The lender

U.S. Bank, National Association

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding electrical contractors and other wiring installation contrac — by location, industry.

SBA lenders in Minnesota Lenders for electrical contractors and other wiring installation contrac Electrical Contractors and Other Wiring Installation Contrac lenders in Minnesota

Similar businesses

Comparable electrical contractors and other wiring installation contrac in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

H&S Electric LLC

Ely, MN· ~14 mi

Electrical Contractors and Other Wiring Installation Contrac

$390K
SBA financing: ≈ $765K–$1.3M
Est. revenue (rough)

Shumatelr Ele LLC

Elma, WA· ~1465 mi

Electrical Contractors and Other Wiring Installation Contrac

$13K
SBA financing: ≈ $26K–$43K
Est. revenue (rough)

CHUCKS ELECTRIC

Bismarck, ND· ~418 mi

Electrical Contractors and Other Wiring Installation Contrac

$10K
SBA financing: ≈ $20K–$33K
Est. revenue (rough)

Lights on Electric, LLC

Bothell, WA· ~1395 mi

Electrical Contractors and Other Wiring Installation Contrac

$10K
SBA financing: ≈ $20K–$33K
Est. revenue (rough)

LUKE'S ELECTRIC

Cumberland, WI· ~153 mi

Electrical Contractors and Other Wiring Installation Contrac

$35K
SBA financing: ≈ $69K–$114K
Est. revenue (rough)

WEST BEACH ELECTRIC LLC

Eastsound, WA· ~1417 mi

Electrical Contractors and Other Wiring Installation Contrac

$15K
SBA financing: ≈ $29K–$49K
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for Brown Electric Inc. in Babbitt, MN (Electrical Contractors and Other Wiring Installation Contrac). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $12K
On record FY2020
4 jobs supported
Industry: Electrical Contractors and Other Wiring Installation Contrac
Location: Babbitt, MN
Lender: U.S. Bank, National Association

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Electrical Contractors and Other Wiring Installation Contrac businesses in MN for ~$12k deals, then pre-qualify for 7(a) financing before making an offer. DealRoom can arrange a lender introduction — free for buyers.

Next steps

Pre-qualify this deal→Talk to a loan broker→Find SBA lenders→Compare similar deals→

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/brown-electric-inc-mn
API:: https://dealroom.so/api/public/businesses/brown-electric-inc-mn
Methodology:: Sources & methodology

Informational only — DealRoom does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and DealRoom methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. DealRoom is not a lender.

Is Brown Electric Inc. your business?

This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.

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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Brown Electric Inc..