Lender intelligence
Financing a electrical contractors and other wiring installation contrac acquisition in Iowa
The SBA 7(a) lenders funding the most electrical contractors and other wiring installation contrac acquisitions in Iowa, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.
Most active in electrical contractors and other wiring installation contrac · Iowa
Ranked by funded electrical contractors and other wiring installation contrac acquisitions in Iowa. Tap a lender for its full record, or hit Get in touch for an introduction.
Not enough public electrical contractors and other wiring installation contrac loan history in Iowa to rank lenders yet. See electrical contractors and other wiring installation contrac lenders nationwide →
2+ funded Electrical Contractors and Other Wiring Installation Contrac in Iowa deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- Umbaugh Peterson Electric, Inc. in Mason City, IA — $1.0M (2021) · purchase · NSB Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4.659% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $940K (90%)
- Approval → funding
- 62 days
- Approved
- 7/30/2021
- First disbursed
- 9/30/2021
- Loan status
- Paid in full (10/31/2022)
- Loan type
- Term loan
- Collateral
- Not required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Change of Ownership
- Industry
- Electrical Contractors and Other Wiring Installation Contrac
If you were the buyer here
- Est. deal size
- $1.2M
- Est. down payment (10%)
- $116K
- Est. cash at closing
- $159K
- Monthly payment
- $10,900
- Annual debt service
- $131K
- Cash flow needed (1.25×)
- $164K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by NSB Bank
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- Mickle Electric & Heating, LLC in Des Moines, IA — $264K (2020) · purchase · First National Bank Ames, Iowa
- Program
- 7a General
- Rate at approval
- 5% fixed
- Term
- 64 months
- SBA guaranteed
- $198K (75%)
- Approval → funding
- 20 days
- Approved
- 3/11/2020
- First disbursed
- 3/31/2020
- Loan status
- Failed — $131K charged off (3/27/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Change of Ownership
- Industry
- Electrical Contractors and Other Wiring Installation Contrac
If you were the buyer here
- Est. deal size
- $293K
- Est. down payment (10%)
- $29K
- Est. cash at closing
- $39K
- Monthly payment
- $4,699
- Annual debt service
- $56K
- Cash flow needed (1.25×)
- $70K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by First National Bank Ames, Iowa
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to electrical contractors and other wiring installation contrac businesses with a Iowa project address.
Agent summary
How to finance a electrical contractors and other wiring installation contrac acquisition in Iowa with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Iowa deals. DealRoom is not a lender.
- $496K typical loan
- 2 lenders active in Iowa
- 2+ funded Iowa deals
- 62 days typical to fund
Buyers buying a electrical contractors and other wiring installation contrac in Iowa typically pre-qualify, then ask DealRoom to introduce a lender active here — free for buyers; agents submit a consented lead via the DealRoom MCP.
Next steps
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.