REIDS ELECTRICAL SPECIALISTS INC

100 SHADELAND AVE, Drexel Hill, PA 19026 · 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.

$25K

Total SBA financing

1

Loan on record

FY2023

On record

14

Jobs supported

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

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The loan

$25,000 — FY2023

Gross approval: $25,000
SBA guaranteed: $12,500 (50%)
Status: Charged off (failed)
Rate at approval: 11.75% v
Term: 107 mo (9 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 10/19/2022
First disbursement: 11/8/2022
Days to fund: 20 days
Charged off: 4/5/2024
Charge-off amount: $24,289
Collateral: None
Jobs supported: 14
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: Stearns Bank National Association
Address: 100 SHADELAND AVE
City: Drexel Hill, 19026
County: Delaware
SBA district office: PHILADELPHIA DISTRICT OFFICE
Congressional district: 5

The lender

Stearns Bank National Association

1 loan to this businessFull SBA lending record + branches on the lender page →

Agent summary

This page summarizes the public SBA 7(a) lending record for REIDS ELECTRICAL SPECIALISTS INC in Drexel Hill, PA (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 $25K
On record FY2023
14 jobs supported
Industry: Electrical Contractors and Other Wiring Installation Contrac
Location: Drexel Hill, PA
Lender: Stearns Bank National Association

Next steps

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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.
Canonical:: https://dealroom.so/businesses/reids-electrical-specialists-inc-pa
API:: https://dealroom.so/api/public/businesses/reids-electrical-specialists-inc-pa
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.

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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 REIDS ELECTRICAL SPECIALISTS INC.