SBA lending record
Lightspeed Technology Services Corp dba Mr. Electric of NW Alabama
1405 EDGEWOOD ST NW, Hartselle, AL 35640 · 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.
$150K
Total SBA financing
1
Loan on record
FY2023
On record
7
Jobs supported
Franchise brand
Mr. Electric
See Mr. Electric's SBA financing data — typical deal, failure rate, and how its loans perform →
● business · ● lender — business location is the ZIP-area centroid from the public record
Is Lightspeed Technology Services Corp dba Mr. Electric of NW Alabama your business?
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The loan
$150,000 — FY2023
- Gross approval
- $150,000
- SBA guaranteed
- $127,500 (85%)
- Status
- Current
- Rate at approval
- 11.25% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 9/28/2023
- First disbursement
- 1/17/2024
- Days to fund
- 111 days
- Collateral
- Required
- Sold on secondary market
- Yes
The lender
United Midwest Savings Bank National Association
1 loan to this business- Total assets
- $520.6B
- Deposits
- $429.7B
- Loans outstanding
- $363.1B
- Net income
- $2.8B
- Return on assets
- 2.202309972402985%
- Return on equity
- 16.08%
- Total equity
- $71.7B
- Offices
- 6
- Founded
- 05/0
- Headquarters
- 101 S Main St, Degraff, OH, 43318
- FDIC cert
- 32441
- Website
Is Lightspeed Technology Services Corp dba Mr. Electric of NW Alabama your business?
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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with Lightspeed Technology Services Corp dba Mr. Electric of NW Alabama.