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STATEWIDE ELECTRICAL INC. — SBA Loan Record (Richmond, MI) | DealRoom

Intelligence/Electrical Contractors and Other Wiring Installation Contrac/MI

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SBA lending record

STATEWIDE ELECTRICAL INC.

28810 BORDMAN RD, Richmond, MI 48062 · 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

FY2020

On record

7

Jobs supported

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

Is STATEWIDE ELECTRICAL INC. 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.

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The loan

$150,000 — FY2020

Gross approval: $150,000
SBA guaranteed: $127,500 (85%)
Status: Paid in full
Rate at approval: 7.5% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 2/21/2020
First disbursement: 2/29/2020
Days to fund: 8 days
Paid in full: 11/30/2025
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 7
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: United Midwest Savings Bank National Association
Address: 28810 BORDMAN RD
City: Richmond, 48062
County: Macomb
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 10

The lender

United Midwest Savings Bank National Association

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

Find SBA lenders for businesses like this

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

SBA lenders in Michigan Lenders for electrical contractors and other wiring installation contrac Electrical Contractors and Other Wiring Installation Contrac lenders in Michigan

Similar businesses

Comparable electrical contractors and other wiring installation contrac in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

GLENN R. PARKER ELECTRICAL, L.L.C.

Romeo, MI· ~11 mi

Electrical Contractors and Other Wiring Installation Contrac

$135K
SBA financing: ≈ $265K–$441K
Est. revenue (rough)

Uppco Electric LLC

Bruce Twp., MI· ~12 mi

Electrical Contractors and Other Wiring Installation Contrac

$100K
SBA financing: ≈ $196K–$327K
Est. revenue (rough)

DYNAMIC CONTRACTING INC

Washington, MI· ~14 mi

Electrical Contractors and Other Wiring Installation Contrac

$100K
SBA financing: ≈ $196K–$327K
Est. revenue (rough)

CONSUMER SERVICES ELECTRIC CO.

Detroit, MI· ~39 mi

Electrical Contractors and Other Wiring Installation Contrac

$150K
SBA financing: ≈ $294K–$490K
Est. revenue (rough)

TRITON ELECTRICAL SERVICES, LLC

Macomb, MI· ~16 mi

Electrical Contractors and Other Wiring Installation Contrac

$100K
SBA financing: ≈ $196K–$327K
Est. revenue (rough)

J L Home Installation LLC

Harper Woods, MI· ~32 mi

Electrical Contractors and Other Wiring Installation Contrac

$122K
SBA financing: ≈ $238K–$397K
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for STATEWIDE ELECTRICAL INC. in Richmond, MI (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 FY2020
7 jobs supported
Industry: Electrical Contractors and Other Wiring Installation Contrac
Location: Richmond, MI
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 MI 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

Pre-qualify this deal→Talk to a loan broker→Find SBA lenders→Compare similar deals→

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/statewide-electrical-inc-mi
API:: https://dealroom.so/api/public/businesses/statewide-electrical-inc-mi
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.

Is STATEWIDE ELECTRICAL 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 STATEWIDE ELECTRICAL INC..