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Podcasts/Acquiring Minds
Acquiring MindsDecember 12, 2024✓ Verified in SBA records

How (and Why) to Buy an Electrical Business

with Fred McGill · Bray Electrical Services

Listen to Episode →

LenderHawk analysis. Not affiliated with or endorsed by Acquiring Minds.

The Deal

Business
Bray Electrical Services
Industry
Electrical services
State
GA
Purchase Price
$1.3M
Year
2024
LTV at Close
90%
Deal Source
bizbuysell

Financing Structure

SBA 7(a)
$1.2M
Seller Note
Rolled Equity
$130K

Strategic Rationale

Applying digital marketing expertise to capitalize on electrical demand tailwinds.

Post-Acquisition Performance

Revenue grew from ~$3.2M to projected $4M in year one.

The LenderHawk View

Real lenders that finance similar deals

Active Lenders
10
Median Spread
P + 2.00%
Top Lenders
Metro City Bank75 deals
First Financial Bank59 deals
HomeTrust Bank54 deals
Ameris Bank42 deals
Live Oak Banking Company38 deals
See all matching lenders →

Matched SBA Loan Records

SBA loan filings we matched to this deal

SouthState Bank, National Association95%
$941KP + 1.50%FY2024

Want the Full Story?

The full narrative — the personal details, the hard moments, the host conversation — only lives in the original. Go listen.

Listen on Acquiring Minds