SBA lending record
Progressive Electric Inc
P.O. Box 9011, Springfield, IL 62791 · 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.
$262K
Total SBA financing
3
Loans on record
FY2021
On record
32
Jobs supported
Is Progressive Electric Inc your business?
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All 3 loans
$80,000 — FY2021
Loan 1 of 3- Gross approval
- $80,000
- SBA guaranteed
- $72,000 (90%)
- Status
- Cancelled
- Rate at approval
- 5.5% f
- Term
- 120 mo (10 yr)
- Program
- 7a General
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 3/29/2021
- Collateral
- Required
- Jobs supported
- 6
- Business type
- Corporation
- Business age
- Startup, Loan Funds will Open Business
The lenders
Heartland Bank and Trust Company
2 loans to this businessWilliamsville State Bank & Trust
1 loan to this businessAgent summary
This page summarizes the public SBA 7(a) lending record for Progressive Electric Inc in Springfield, IL (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.
- 3 SBA 7(a) loans totaling $262K
- On record FY2021
- 32 jobs supported
- Industry: Electrical Contractors and Other Wiring Installation Contrac
- Location: Springfield, IL
- Lenders: Heartland Bank and Trust Company, Williamsville State Bank & Trust
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
- Methodology:
Is Progressive Electric 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 Progressive Electric Inc.