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Oaks Electric Company — SBA Loan Record (New Hope, MN) | DealRoom

Intelligence/Electrical Contractors and Other Wiring Installation Contrac/MN

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SBA lending record

Oaks Electric Company

7612 Angeline Drive, New Hope, MN 55428 · 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.

$75K

Total SBA financing

1

Loan on record

FY2023

On record

11

Jobs supported

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

Is Oaks Electric Company 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

$75,000 — FY2023

Gross approval: $75,000
SBA guaranteed: $37,500 (50%)
Status: Current
Rate at approval: 10.25% v
Term: 60 mo (5 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 5/24/2023
First disbursement: 6/13/2023
Days to fund: 20 days
Collateral: Required
Jobs supported: 11
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: Highland Bank
Address: 7612 Angeline Drive
City: New Hope, 55428
County: Hennepin
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 3

The lender

Highland 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.

GRIFFIN ELECTRICAL LLC

Minneapolis, MN· ~6 mi

Electrical Contractors and Other Wiring Installation Contrac

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

ENCORE ELECTRIC LLC

Maple Grove, MN· ~7 mi

Electrical Contractors and Other Wiring Installation Contrac

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

CURRENT MASTERZ LLC

Brooklyn Park, MN· ~3 mi

Electrical Contractors and Other Wiring Installation Contrac

$49K
SBA financing: ≈ $96K–$160K
Est. revenue (rough)

F.M. Zappa LLC

Minneapolis, MN· ~8 mi

Electrical Contractors and Other Wiring Installation Contrac

$137K
SBA financing: ≈ $269K–$448K
Est. revenue (rough)

SALT & LIGHT ELECTRIC LLC

Saint Michael, MN· ~19 mi

Electrical Contractors and Other Wiring Installation Contrac

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

MILL CITY ELECTRIC CO

Burnsville, MN· ~23 mi

Electrical Contractors and Other Wiring Installation Contrac

$90K
SBA financing: ≈ $176K–$294K
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for Oaks Electric Company in New Hope, 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 $75K
On record FY2023
11 jobs supported
Industry: Electrical Contractors and Other Wiring Installation Contrac
Location: New Hope, MN
Lender: Highland 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 ~$75k 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/oaks-electric-company-mn
API:: https://dealroom.so/api/public/businesses/oaks-electric-company-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 Oaks Electric Company 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 Oaks Electric Company.