SBA lending record
Rack Electric, LLC
153 16TH ST, Boca Raton, FL 33432 · 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.
$4.9M
Total SBA financing
2
Loans on record
FY2024
On record
342
Jobs supported
● business — business location is the ZIP-area centroid from the public record
Is Rack Electric, LLC 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.
All 2 loans
$2,430,000 — FY2024
Loan 1 of 2- Gross approval
- $2,430,000
- SBA guaranteed
- $1,822,500 (75%)
- Status
- Cancelled
- Rate at approval
- 11% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 6/7/2024
- Collateral
- Required
- Jobs supported
- 171
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
The lender
Agent summary
This page summarizes the public SBA 7(a) lending record for Rack Electric, LLC in Boca Raton, FL (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.
- 2 SBA 7(a) loans totaling $4.9M
- On record FY2024
- 342 jobs supported
- Industry: Electrical Contractors and Other Wiring Installation Contrac
- Location: Boca Raton, FL
- Lender: Paradise Bank
- 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:
- Sources & methodology
Is Rack Electric, LLC 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.
Researching a business like this one?
The numbers above are what a deal of this size and type actually looked like. Tell us what you're buying and we'll point you to the lenders most likely to fund it.
Free · No documents · Usually same-day
DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Rack Electric, LLC.