MR. ELECTRIC
1
SBA Loans
$137K
Total Financed
$137K
Avg Loan Size
—
YoY Loan Growth
How MR. ELECTRIC Compares
- Ranks #272 of 294 Home & Repair Services brands by SBA loan count (#3,197 of 3,543 overall).
- Its average loan of $137K is 23% below the Home & Repair Services median of $177K.
- With only 1 loan on record, its own charge-off rate isn't statistically meaningful -- for context, Home & Repair Services brands overall see a 2.9% charge-off rate across 4,629 loans.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2024 | 1 | $137K |
FY2024 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where MR. ELECTRIC Is Getting SBA-Financed
Recent SBA-Financed MR. ELECTRIC Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is MR. ELECTRIC growing or shrinking?
MR. ELECTRIC doesn't have enough SBA loan activity in both FY2023 and FY2024 to calculate a reliable year-over-year trend. For context, it ranks #272 of 294 Home & Repair Services brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.
How much does it cost to open a MR. ELECTRIC franchise?
We don't have that figure -- investment ranges and fees come from a franchisor's Franchise Disclosure Document (FDD), which this site doesn't parse (see methodology). The average SBA loan size of $137K (23% below the typical Home & Repair Services brand's $177K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for MR. ELECTRIC?
MR. ELECTRIC only has 1 SBA loan on record -- too few to calculate a meaningful charge-off rate on its own. For context, Home & Repair Services brands overall see a 2.9% charge-off rate across 4,629 loans.
Top SBA Lenders
- BayFirst National Bank1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset