RIVERSIDE ELECTRICAL CO. dba MR. ELECTRIC OF OAK PARK

2219 S 3rd Ave, Riverside, IL 60546 · 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.

$150K

Total SBA financing

1

Loan on record

FY2026

On record

4

Jobs supported

Franchise brand

Mr. Electric

See Mr. Electric's SBA financing data — typical deal, failure rate, and how its loans perform →

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The loan

$150,000 — FY2026

Gross approval: $150,000
SBA guaranteed: $127,500 (85%)
Status: Current
Rate at approval: 9.75% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 1/23/2026
First disbursement: 3/12/2026
Days to fund: 48 days
Collateral: Required
Jobs supported: 4
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Franchise: Mr. Electric
Franchise code: S1138
Lender: United Midwest Savings Bank National Association
Address: 2219 S 3rd Ave
City: Riverside, 60546
County: Cook
SBA district office: ILLINOIS DISTRICT OFFICE
Congressional district: 3

The lender

United Midwest Savings Bank National Association

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

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The banks most active funding electrical contractors and other wiring installation contrac — by location, industry, and brand.

SBA lenders in Illinois Lenders for electrical contractors and other wiring installation contrac Electrical Contractors and Other Wiring Installation Contrac lenders in Illinois Mr. Electric lenders Mr. Electric lenders in Illinois

Agent summary

This page summarizes the public SBA 7(a) lending record for RIVERSIDE ELECTRICAL CO. dba MR. ELECTRIC OF OAK PARK in Riverside, 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.

1 SBA 7(a) loan totaling $150K
On record FY2026
4 jobs supported
Industry: Electrical Contractors and Other Wiring Installation Contrac
Location: Riverside, IL
Lender: United Midwest Savings Bank National Association

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 IL for ~$150k deals, then pre-qualify for 7(a) financing before making an offer. DealRoom can arrange a lender introduction — free for buyers.

Next steps

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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/riverside-electrical-co-dba-mr-electric-of-oak-park-il
API:: https://dealroom.so/api/public/businesses/riverside-electrical-co-dba-mr-electric-of-oak-park-il
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 RIVERSIDE ELECTRICAL CO. dba MR. ELECTRIC OF OAK PARK.