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Newman & Distefano Electric Co Inc — SBA Loan Record (Worcester, MA) | DealRoom

Intelligence/Electrical Contractors and Other Wiring Installation Contrac/MA

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SBA lending record

Newman & Distefano Electric Co Inc

28 Douglas Street, Worcester, 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.

$50K

Total SBA financing

1

Loan on record

FY2021

On record

2

Jobs supported

Is Newman & Distefano Electric Co 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

$50,000 — FY2021

Gross approval: $50,000
SBA guaranteed: $25,000 (50%)
Status: Paid in full
Rate at approval: 7.75% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 11/17/2020
First disbursement: 1/16/2021
Days to fund: 60 days
Paid in full: 3/31/2023
Collateral: Required
Jobs supported: 2
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: Bristol County Savings Bank
Address: 28 Douglas Street
City: Worcester
County: Worcester
SBA district office: MASSACHUSETTS DISTRICT OFFICE
Congressional district: 2

The lender

Bristol County Savings 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.

BD Electric LLC

Lancaster, MA· ~15 mi

Electrical Contractors and Other Wiring Installation Contrac

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

Arkon Fire Protection Co. Inc.

Upton, MA· ~10 mi

Electrical Contractors and Other Wiring Installation Contrac

$40K
SBA financing: ≈ $78K–$131K
Est. revenue (rough)

Cushing Electrical Co

Framingham, MA· ~18 mi

Electrical Contractors and Other Wiring Installation Contrac

$47K
SBA financing: ≈ $92K–$154K
Est. revenue (rough)

DQR Electric LLC

Marlborough, MA· ~15 mi

Electrical Contractors and Other Wiring Installation Contrac

$60K
SBA financing: ≈ $118K–$196K
Est. revenue (rough)

Danny Q. Richards

Marlborough, MA· ~15 mi

Electrical Contractors and Other Wiring Installation Contrac

$60K
SBA financing: ≈ $118K–$196K
Est. revenue (rough)

Adam Nazzaro Journeyman Electrician

Littleton, MA· ~27 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 Newman & Distefano Electric Co Inc in Worcester, 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 $50K
On record FY2021
2 jobs supported
Industry: Electrical Contractors and Other Wiring Installation Contrac
Location: Worcester, MA
Lender: Bristol County Savings 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 ~$50k 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/newman-distefano-electric-co-inc-ma
API:: https://dealroom.so/api/public/businesses/newman-distefano-electric-co-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 Newman & Distefano Electric Co 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 Newman & Distefano Electric Co Inc.