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WETMORE ELECTRIC INC — SBA Loan Record (Peabody, MA) | DealRoom

Intelligence/Electrical Contractors and Other Wiring Installation Contrac/MA

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SBA lending record

WETMORE ELECTRIC INC

2 MAGNOLIA WAY APT 234, Peabody, MA · 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

FY2022

On record

5

Jobs supported

Is WETMORE ELECTRIC 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

$25,000 — FY2022

Gross approval: $25,000
SBA guaranteed: $12,500 (50%)
Status: Past due
Rate at approval: 5.99% f
Term: 60 mo (5 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 10/26/2021
First disbursement: 10/26/2021
Days to fund: 0 days
Collateral: Required
Jobs supported: 5
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: Eastern Bank
Address: 2 MAGNOLIA WAY APT 234
City: Peabody
County: Essex
SBA district office: MASSACHUSETTS DISTRICT OFFICE
Congressional district: 6

The lender

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

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.

Dan The Electrician

Salem, MA· ~5 mi

Electrical Contractors and Other Wiring Installation Contrac

$25K
SBA financing: ≈ $49K–$82K
Est. revenue (rough)

JML ELECTRIC INC

Wakefield, MA· ~5 mi

Electrical Contractors and Other Wiring Installation Contrac

$30K
SBA financing: ≈ $59K–$98K
Est. revenue (rough)

Christopher Nicholas Ellis Licensed Electrician

Peabody, MA· ~4 mi

Electrical Contractors and Other Wiring Installation Contrac

$25K
SBA financing: ≈ $49K–$82K
Est. revenue (rough)

ZORZY ELECTRIC COMPANY INC

Lynn, MA· ~4 mi

Electrical Contractors and Other Wiring Installation Contrac

$28K
SBA financing: ≈ $56K–$93K
Est. revenue (rough)

Glass Electric Company, LLC

Danvers, MA· ~4 mi

Electrical Contractors and Other Wiring Installation Contrac

$15K
SBA financing: ≈ $29K–$49K
Est. revenue (rough)

WALTCAM ELECTRIC CORP

Arlington, MA· ~12 mi

Electrical Contractors and Other Wiring Installation Contrac

$25K
SBA financing: ≈ $49K–$82K
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for WETMORE ELECTRIC INC in Peabody, MA (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 FY2022
5 jobs supported
Industry: Electrical Contractors and Other Wiring Installation Contrac
Location: Peabody, MA
Lender: Eastern 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 MA for ~$25k 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/wetmore-electric-inc-ma
API:: https://dealroom.so/api/public/businesses/wetmore-electric-inc-ma
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 WETMORE ELECTRIC 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 WETMORE ELECTRIC INC.