Franchise financing
Mr. Electric franchise financing
What it costs to finance a Mr. Electric franchise and how buyers fund it. The real numbers: how much gets borrowed, which lenders fund it, and the track record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 125
- Total funded
- $23.4M
- Median loan
- $150K
- 7(a) charge-off
- 4.9%
What financing a Mr. Electric franchise costs
The median SBA loan to a Mr. Electric franchisee is $150K, and the middle half of Mr. Electric's 125 loans run $150K to $255K (average $187K). Across all SBA-financed franchises the median loan is $350K. Mr. Electric buyers borrow less than the typical franchisee.
These are loan amounts, not the brand's total startup cost. Buyers also put in equity (the SBA generally wants at least 10% down on a new franchise), and the brand's own investment estimate is Item 7 of its franchise disclosure document (FDD). The median Mr. Electric loan runs 10 years. Model your numbers with the franchise financing calculator.
Of the 123 Mr. Electric loans where the SBA recorded a business age, 78.9% went to new businesses two years old or younger. The rest funded existing operations.
How to finance Mr. Electric
Mr. Electric franchisees have financed with 125 SBA loans since FY2010, averaging $187K each. The 7(a) program is the usual route: it covers the franchise fee, build-out, equipment, and working capital (123 of the 125 loans). Lenders weigh your credit, management experience, and the brand's track record alongside the equity you bring.
Mr. Electric's 7(a) charge-off rate is 4.9% across 123 loans, a relative track-record signal lenders and buyers weigh, not a guarantee. See how that compares across franchises.
Lenders that finance Mr. Electric
By SBA loan count
Where Mr. Electric gets funded
Top states by loan count
- 1. Texas 10
- 2. California 15
- 3. North Carolina 8
- 4. Florida 10
- 5. Georgia 8
- 6. South Carolina 7
- 7. Kentucky 3
- 8. Maryland 4
Financing a Mr. Electric?
Get matched with the SBA lenders that actually fund businesses like yours, ranked on real loan data by state, industry, and size. Independent: your details go only to the lenders we match you to, never to data brokers.
Mr. Electric SBA financing FAQ
How much does a Mr. Electric franchise cost?
The public SBA data shows what buyers actually borrow, not a sticker price: the median SBA loan to a Mr. Electric franchisee is $150K, and the middle half of Mr. Electric's 125 loans run $150K to $255K. Total investment (including the equity you put in, generally 10% or more) is estimated in Item 7 of Mr. Electric's franchise disclosure document.
Can you use an SBA loan for Mr. Electric?
Yes. Lenders have funded 125 SBA loans to Mr. Electric franchisees, worth $23.4M in all, so Mr. Electric is regularly financed with SBA 7(a) and 504 loans.
Can a first-time owner get an SBA loan for Mr. Electric?
The data says yes: of Mr. Electric's 123 SBA loans that record a business age, 78.9% went to new businesses two years old or younger. Expect the lender to look harder at your experience, business plan, and equity injection.
Which lenders finance Mr. Electric?
By loan count, the most active SBA lenders for Mr. Electric are United Midwest Savings Bank National Association, Stearns Bank National Association, First Bank, among others. A lender already active with your brand often moves faster.
What is Mr. Electric's SBA charge-off rate?
Across Mr. Electric's 123 SBA 7(a) loans, 4.9% have charged off. Read it as a relative track-record signal, not a prediction. It is not a lifetime default rate.
Which SBA program fits Mr. Electric?
Mostly 7(a): 123 of Mr. Electric's 125 SBA loans. The 7(a) program covers the franchise fee, build-out, equipment, and working capital. The median Mr. Electric loan term is 10 years.