SBA lending record

OFF-N-ON ELECTRIC, LLC

21155 North 56th Street, #3038, Phoenix, AZ 85054 · 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.

$360K

Total SBA financing

Loan on record

FY2023

On record

Jobs supported

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

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The loan

$360,000 — FY2023

Gross approval: $360,000
SBA guaranteed: $270,000 (75%)
Status: Current
Rate at approval: 10.75% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 4/19/2023
First disbursement: 5/2/2023
Days to fund: 13 days
Collateral: Required
Sold on secondary market: Yes

The lender

Readycap Lending, LLC

1 loan to this business

Full lending record on the lender page.

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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 OFF-N-ON ELECTRIC, LLC.