Lender intelligence
Financing a electrical contractors and other wiring installation contrac acquisition in Rhode Island
The SBA 7(a) lenders funding the most electrical contractors and other wiring installation contrac acquisitions in Rhode Island, 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 · Rhode Island
Ranked by funded electrical contractors and other wiring installation contrac acquisitions in Rhode Island. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.12 loans · $1M · Swansea, MAFull record →
- 2.196 loans · $21M · Boston, MAFull record →
3+ funded Electrical Contractors and Other Wiring Installation Contrac in Rhode Island 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.
- K ELECTRIC, INC. in Warwick, RI — $250K (2021) · purchase · Eastern Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 3.75% variable
- Term
- 60 mo (5 yrs)
- SBA guaranteed
- $188K (75%)
- Approval → funding
- 4 days
- Approved
- 2/25/2021
- First disbursed
- 3/1/2021
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 13
- Business age
- Change of Ownership
- Industry
- Electrical Contractors and Other Wiring Installation Contrac
If you were the buyer here
- Est. deal size
- $278K
- Est. down payment (10%)
- $28K
- Est. cash at closing
- $37K
- Monthly payment
- $4,576
- Annual debt service
- $55K
- Cash flow needed (1.25×)
- $69K
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 Eastern Bank · Lender record →
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- SPARKS COMPANY, INC. in Little Compton, RI — $250K (2020) · purchase · Baycoast Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 4.75% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $125K (50%)
- Approval → funding
- 34 days
- Approved
- 8/27/2020
- First disbursed
- 9/30/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 7
- Business age
- Change of Ownership
- Industry
- Electrical Contractors and Other Wiring Installation Contrac
If you were the buyer here
- Est. deal size
- $278K
- Est. down payment (10%)
- $28K
- Est. cash at closing
- $37K
- Monthly payment
- $2,621
- Annual debt service
- $31K
- Cash flow needed (1.25×)
- $39K
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 Baycoast Bank · Lender record →
Your business? Claim this record · Request removal
- SPARKS COMPANY, INC. in Little Compton, RI — $50K (2020) · purchase · Baycoast Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 4.75% variable
- Term
- 72 mo (6 yrs)
- SBA guaranteed
- $25K (50%)
- Approval → funding
- 34 days
- Approved
- 8/27/2020
- First disbursed
- 9/30/2020
- Loan status
- Paid in full (9/30/2024)
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 7
- Business age
- Change of Ownership
- Industry
- Electrical Contractors and Other Wiring Installation Contrac
If you were the buyer here
- Est. deal size
- $56K
- Est. down payment (10%)
- $6K
- Est. cash at closing
- $7K
- Monthly payment
- $799
- Annual debt service
- $10K
- Cash flow needed (1.25×)
- $12K
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 Baycoast Bank · Lender record →
Your business? Claim this record · Request removal
Financing a electrical contractors and other wiring installation contrac deal in Rhode Island? Start with the right lender
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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 Rhode Island project address.
Agent summary
How to finance a electrical contractors and other wiring installation contrac acquisition in Rhode Island with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Rhode Island deals. Baycoast Bank funds the most here. DealRoom is not a lender.
- $496K typical loan
- 2 lenders active in Rhode Island
- 3+ funded Rhode Island deals
- 34 days typical to fund
Buyers buying a electrical contractors and other wiring installation contrac in Rhode Island 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.