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Independence Electrical Inc — SBA Loan Record (Isanti, MN) | DealRoom

Intelligence/Electrical Contractors and Other Wiring Installation Contrac/MN

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SBA lending record

Independence Electrical Inc

28480 TUCKER ST NE, Isanti, MN 55040 · 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.

$68K

Total SBA financing

1

Loan on record

FY2020

On record

3

Jobs supported

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

Is Independence Electrical 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

$67,500 — FY2020

Gross approval: $67,500
SBA guaranteed: $57,375 (85%)
Status: Paid in full
Rate at approval: 7.5% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 10/10/2019
First disbursement: 10/31/2019
Days to fund: 21 days
Paid in full: 2/28/2021
Collateral: Required
Jobs supported: 3
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: 21st Century Bank
Address: 28480 TUCKER ST NE
City: Isanti, 55040
County: Isanti
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 6

The lender

21st Century 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 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.

FASTWIRE MN CORP

Isanti, MN· ~6 mi

Electrical Contractors and Other Wiring Installation Contrac

$84K
SBA financing: ≈ $165K–$275K
Est. revenue (rough)

NORTH RIVER ELECTRIC LLC

Stacy, MN· ~7 mi

Electrical Contractors and Other Wiring Installation Contrac

$125K
SBA financing: ≈ $245K–$408K
Est. revenue (rough)

PRESTIGE ELECTRIC LLC

Pine City, MN· ~24 mi

Electrical Contractors and Other Wiring Installation Contrac

$82K
SBA financing: ≈ $160K–$266K
Est. revenue (rough)

ENCORE ELECTRIC LLC

Maple Grove, MN· ~32 mi

Electrical Contractors and Other Wiring Installation Contrac

$70K
SBA financing: ≈ $137K–$229K
Est. revenue (rough)

GRIFFIN ELECTRICAL LLC

Minneapolis, MN· ~37 mi

Electrical Contractors and Other Wiring Installation Contrac

$75K
SBA financing: ≈ $147K–$245K
Est. revenue (rough)

Hometown Electrical Services LLC

Zimmerman, MN· ~22 mi

Electrical Contractors and Other Wiring Installation Contrac

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

Agent summary

This page summarizes the public SBA 7(a) lending record for Independence Electrical Inc in Isanti, 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 $68K
On record FY2020
3 jobs supported
Industry: Electrical Contractors and Other Wiring Installation Contrac
Location: Isanti, MN
Lender: 21st Century 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 MN for ~$68k 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/independence-electrical-inc-mn
API:: https://dealroom.so/api/public/businesses/independence-electrical-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 Independence Electrical 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 Independence Electrical Inc.