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Coastal Electric, Inc — SBA Loan Record (Hanover, MA) | DealRoom

Intelligence/Electrical Contractors and Other Wiring Installation Contrac/MA

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SBA lending record

Coastal Electric, Inc

1070 Washington St, Hanover, MA · 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.

$100K

Total SBA financing

1

Loan on record

FY2023

On record

40

Jobs supported

Is Coastal 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

$100,000 — FY2023

Gross approval: $100,000
SBA guaranteed: $50,000 (50%)
Status: Paid in full
Rate at approval: 9.5% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 12/29/2022
First disbursement: 1/9/2023
Days to fund: 11 days
Paid in full: 8/31/2024
Collateral: Required
Jobs supported: 40
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: Eastern Bank
Address: 1070 Washington St
City: Hanover
County: Plymouth
SBA district office: MASSACHUSETTS DISTRICT OFFICE
Congressional district: 9

The lender

Eastern Bank

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

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.

Bovill Electric LLC

Rockland, MA· ~5 mi

Electrical Contractors and Other Wiring Installation Contrac

$72K
SBA financing: ≈ $140K–$234K
Est. revenue (rough)

Clew Bay Contracting Inc

Dedham, MA· ~17 mi

Electrical Contractors and Other Wiring Installation Contrac

$100K
SBA financing: ≈ $196K–$327K
Est. revenue (rough)

MICHAEL POST ELECTRIC INC

Middleboro, MA· ~14 mi

Electrical Contractors and Other Wiring Installation Contrac

$100K
SBA financing: ≈ $196K–$327K
Est. revenue (rough)

BD Boston Electrical LLC

Hingham, MA· ~5 mi

Electrical Contractors and Other Wiring Installation Contrac

$200K
SBA financing: ≈ $392K–$654K
Est. revenue (rough)

RAVENPLUSELECTRIC LLC

Rockland, MA· ~4 mi

Electrical Contractors and Other Wiring Installation Contrac

$50K
SBA financing: ≈ $98K–$163K
Est. revenue (rough)

MGI SYSTEMS LLC

South Easton, MA· ~14 mi

Electrical Contractors and Other Wiring Installation Contrac

$120K
SBA financing: ≈ $235K–$392K
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for Coastal Electric, Inc in Hanover, MA (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 $100K
On record FY2023
40 jobs supported
Industry: Electrical Contractors and Other Wiring Installation Contrac
Location: Hanover, MA
Lender: Eastern Bank

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 MA for ~$100k 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 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/coastal-electric-inc-ma
API:: https://dealroom.so/api/public/businesses/coastal-electric-inc-ma
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 Coastal 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 Coastal Electric, Inc.