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V.I.P. Electric Company — SBA Loan Record (Mentor, OH) | DealRoom

Intelligence/Electrical Contractors and Other Wiring Installation Contrac/OH

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SBA lending record

V.I.P. Electric Company

8358 Mentor Avenue, Mentor, OH 44060 · 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.

$744K

Total SBA financing

1

Loan on record

FY2024

On record

17

Jobs supported

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

Is V.I.P. Electric Company 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

$744,000 — FY2024

Gross approval: $744,000
SBA guaranteed: $558,000 (75%)
Status: Current
Rate at approval: 10.5% v
Term: 120 mo (10 yr)
Program: 7a General
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 5/8/2024
First disbursement: 8/2/2024
Days to fund: 86 days
Collateral: Required
Jobs supported: 17
Business type: Corporation
Business age: Change of Ownership
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: CNB Bank
Address: 8358 Mentor Avenue
City: Mentor, 44060
County: Lake
SBA district office: CLEVELAND DISTRICT OFFICE
Congressional district: 14

The lender

CNB Bank

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

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.

A.J. GOULDER ELECTRIC, INC.

Willoughby, OH· ~5 mi

Electrical Contractors and Other Wiring Installation Contrac

$975K
SBA financing: ≈ $1.9M–$3.2M
Est. revenue (rough)

D. E. Williams Electric, Inc.

Chagrin Falls, OH· ~18 mi

Electrical Contractors and Other Wiring Installation Contrac

$370K
SBA financing: ≈ $725K–$1.2M
Est. revenue (rough)

AMERICAN ELECTRIC LLC

Geneva, OH· ~23 mi

Electrical Contractors and Other Wiring Installation Contrac

$350K
SBA financing: ≈ $686K–$1.1M
Est. revenue (rough)

CORPORATE ELECTRIC COMPANY, LLC

Barberton, OH· ~48 mi

Electrical Contractors and Other Wiring Installation Contrac

$552K
SBA financing: ≈ $1.1M–$1.8M
Est. revenue (rough)

SINGLE STOP TECHNOLOGIES LLC

Mentor, OH· ~2 mi

Electrical Contractors and Other Wiring Installation Contrac

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

OPTICOMM, LLC

Thompson, OH· ~17 mi

Electrical Contractors and Other Wiring Installation Contrac

$200K
SBA financing: ≈ $392K–$654K
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for V.I.P. Electric Company in Mentor, OH (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 $744K
On record FY2024
17 jobs supported
Industry: Electrical Contractors and Other Wiring Installation Contrac
Location: Mentor, OH
Lender: CNB Bank

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 OH for ~$744k 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 2026-06-16.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/v-i-p-electric-company-oh
API:: https://dealroom.so/api/public/businesses/v-i-p-electric-company-oh
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 V.I.P. Electric Company 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 V.I.P. Electric Company.