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H&S Electric LLC — SBA Loan Record (Ely, MN) | DealRoom

Intelligence/Electrical Contractors and Other Wiring Installation Contrac/MN

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SBA lending record

H&S Electric LLC

421 N Lakeview Ave Suite 3, Ely, MN 55731 · 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.

$390K

Total SBA financing

1

Loan on record

FY2023

On record

21

Jobs supported

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

Is H&S Electric LLC 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

$390,000 — FY2023

Gross approval: $390,000
SBA guaranteed: $292,500 (75%)
Status: Current
Rate at approval: 8.75% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 3/30/2023
First disbursement: 4/7/2023
Days to fund: 8 days
Collateral: Required
Jobs supported: 21
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: Frandsen Bank and Trust
Address: 421 N Lakeview Ave Suite 3
City: Ely, 55731
County: Saint Louis
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 8

The lender

Frandsen Bank and Trust

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.

Northern Electric Services, Inc.

Springbrook, WI· ~133 mi

Electrical Contractors and Other Wiring Installation Contrac

$350K
SBA financing: ≈ $686K–$1.1M
Est. revenue (rough)

Precision Electric & Underground, LLC

Ogilvie, MN· ~161 mi

Electrical Contractors and Other Wiring Installation Contrac

$407K
SBA financing: ≈ $798K–$1.3M
Est. revenue (rough)

Integrity Contracting, Inc.

Shevlin, MN· ~162 mi

Electrical Contractors and Other Wiring Installation Contrac

$350K
SBA financing: ≈ $686K–$1.1M
Est. revenue (rough)

REGION ELECTRICAL AND MECHANICAL CO.

Moose Lake, MN· ~109 mi

Electrical Contractors and Other Wiring Installation Contrac

$557K
SBA financing: ≈ $1.1M–$1.8M
Est. revenue (rough)

Brown Electric Inc.

Babbitt, MN· ~14 mi

Electrical Contractors and Other Wiring Installation Contrac

$12K
SBA financing: ≈ $24K–$39K
Est. revenue (rough)

Eskeli Electric LLC

Plummer, MN· ~191 mi

Electrical Contractors and Other Wiring Installation Contrac

$700K
SBA financing: ≈ $1.4M–$2.3M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for H&S Electric LLC in Ely, 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 $390K
On record FY2023
21 jobs supported
Industry: Electrical Contractors and Other Wiring Installation Contrac
Location: Ely, MN
Lender: Frandsen Bank and Trust

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 ~$390k 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/h-s-electric-llc-mn
API:: https://dealroom.so/api/public/businesses/h-s-electric-llc-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 H&S Electric LLC 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 H&S Electric LLC.