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How to finance a Mr. Electric

The SBA 7(a) lenders funding the most Mr. Electric deals, ranked from public loan records — typical Mr. Electric loan about $150K, 6.38% failure rate across 89 loans. A bank that has funded the brand knows the model — faster approvals, better terms.

Deal economics— what it takes to buy & finance Mr. Electric

$150K

Typical loan

range $150K–$255K

$167K

Est. purchase price

≈ loan ÷ 90%

$21,467

Cash to close

$16,667 down + fees

$2,196/mo

Typical payment

~12.5% · 10yr

$30,305/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

93.6%

Still performing

6.4% default · FY20–23

26 days

Typical time to fund

17

Lenders competing

more = leverage

9.33%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

Most active with Mr. Electric

Ranked by funded Mr. Electric loans. Tap a lender to open its full record, or hit Get in touch for an introduction.

  1. 1.575 loans · $220M · De Graff, OHFull record →
  2. 2.2,539 loans · $965M · Columbus, OHFull record →
  3. 3.20 loans · $8M · Saint Petersburg, FLFull record →
  4. 4.17 loans · $3M · Saint Paul, MNFull record →
  5. 5.4 loans · $2M · Columbia, TNFull record →
  6. 6.168 loans · $205M · Fishers, INFull record →
  7. 7.51 loans · $52M · Fuquay Varina, NCFull record →
  8. 8.105 loans · $51M · Fitzgerald, GAFull record →
  9. 9.149 loans · $135M · Mukwonago, WIFull record →
  10. 10.741 loans · $149M · Northbrook, ILFull record →
  11. 11.17 loans · $5M · Fort Worth, TXFull record →
  12. 12.104 loans · $100M · Portsmouth, VAFull record →
  13. 13.33 loans · $54M · Sun Valley, CAFull record →
  14. 14.1 loans · $0M · St. Louis, MOFull record →
  15. 15.52 loans · $50M · Rockville, MDFull record →
  16. 16.62 loans · $21M · Saint Cloud, MNFull record →

88+ funded Mr. Electric 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.

  • TMG Electric Georgia LLC in Loganville, GA — $350K (2026) · United Midwest Savings Bank National Association
  • Scoops Electric, LLC in Raleigh, NC — $350K (2026) · United Midwest Savings Bank National Association
  • BRIGHT FIELD HOLDINGS, INC. in Boca Raton, FL — $275K (2026) · United Midwest Savings Bank National Association
  • MG ELECTRIC LLC dba MR. ELECTRIC OF SEATTLE - NORTHGATE in Seattle, WA — $255K (2026) · United Midwest Savings Bank National Association
  • RIVERSIDE ELECTRICAL CO. dba MR. ELECTRIC OF OAK PARK in Riverside, IL — $150K (2026) · United Midwest Savings Bank National Association
  • EMET Electric Solutions LLC in Greensboro, NC — $882K (2025) · purchase · TowneBank
  • Mr. Electric of Southeast New Hampshire in Dover, NH — $288K (2025) · Mission Valley Bank
  • B & A Legacy Group L.L.C. in Plymouth, MN — $270K (2025) · Highland Bank
  • UTO Capital Management Limited Liability Company dba Mr. Electric of East Baltim in White Marsh, MD — $255K (2025) · United Midwest Savings Bank National Association
  • H3 Home Services LLC dba Mr. Electric of Fort Washington in Fort Washington, MD — $255K (2025) · United Midwest Savings Bank National Association
  • SMARTSPARK ELECTRIC LLC dba MR. ELECTRIC OF WEST HAYWARD in San Leandro, CA — $255K (2025) · United Midwest Savings Bank National Association
  • Marvel Parents dba MR. ELECTRIC OF NEWPORT BEACH in Newport Beach, CA — $255K (2025) · United Midwest Savings Bank National Association
  • kite transfer electric Inc. in Pomona, CA — $255K (2025) · United Midwest Savings Bank National Association
  • WiseHaven Group L.L.C. dba Mr. Electric of Northwest DC in Washington, DC — $255K (2025) · United Midwest Savings Bank National Association
  • LAITHAN'S HOME SERVICES, LLC dba Mr. Electric of Boston South Metro in Stoughton, MA — $255K (2025) · United Midwest Savings Bank National Association
  • ELECTRO ALP LLC dba Mr. Electric of Southwest Las Vegas in Las Vegas, NV — $255K (2025) · United Midwest Savings Bank National Association
  • Glenn's Home Services LLC dba Mr. Electric of Columbia, MD in Columbia, MD — $255K (2025) · United Midwest Savings Bank National Association
  • Terrio Enterprise LLC dba Mr. Electric of West End - Sewickley in Coraopolis, PA — $255K (2025) · United Midwest Savings Bank National Association
  • BLACKSTREAM LILY LLC dba MR. ELECTRIC OF LITTLE ROCK in Alexander, AR — $255K (2025) · United Midwest Savings Bank National Association
  • Quantum Ventures LLC dba Mr. Electric of West Raleigh in Raleigh, NC — $255K (2025) · United Midwest Savings Bank National Association

Buying a Mr. Electric? Start with a lender that has funded the brand

We'll point you to the SBA lenders already financing this brand — and help you make them compete on rate and speed.

Free · No documents · Usually same-day

Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.

CapBench analysis of public SBA 7(a) lending records; ranked by funded loans to Mr. Electric businesses. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Mr. Electric purchase with an SBA 7(a) loan: the lenders that fund the brand most (from public records), the typical loan size, and what it takes to qualify. United Midwest Savings Bank National Association funds the most. CapBench is not a lender.

  • $150K typical Mr. Electric loan
  • 6.38% failure rate (FY20–23)
  • 17 lenders fund the brand
  • 26 days typical to fund

Buyers researching a Mr. Electric typically pre-qualify for SBA 7(a) financing next, then ask CapBench to introduce a lender that already funds the brand — free for buyers; agents can submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this dealTalk to a loan brokerMr. Electric record
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); CapBench lender and franchise enrichment.
Canonical:
https://www.capbench.com/lenders/franchise/mr-electric
API:
https://www.capbench.com/api/public/lenders?franchise=mr-electric
Methodology:
Sources & methodology
  • Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
  • Figures come from public records and CapBench methodology; verify before relying on them.
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