# Classic Electric Service, Inc., RALEIGH NC: $1,100,000 SBA 7(a) loan approved 2026-07-27

**Fresh Capital Score:** 50/100

| Field | Value |
|---|---|
| Business | Classic Electric Service, Inc. |
| Location | RALEIGH, NC, 27607 |
| County | WAKE |
| Program | SBA 7(a) |
| Gross approval | $1,100,000 |
| SBA guaranteed | $825,000 |
| Approved | 2026-07-27 |
| Lender | The Fidelity Bank |
| Term (months) | 120 |
| Industry | Electrical Contractors and Other Wiring Installation Contractors |
| NAICS | 238210 |
| Business type | CORPORATION |
| Business age | Change of Ownership |
| Jobs supported | 12 |

## Why this score
- Approval of $500K or more.
- Approved within 90 days of the latest SBA release.

Source: U.S. Small Business Administration 7(a) and 504 FOIA loan data (https://data.sba.gov/dataset/7a-504-foia). Last refreshed: 2026-11-04T01:29:00.118Z.
Loan data comes from SBA public FOIA files, which SBA refreshes quarterly, so the newest approvals can lag by up to about four months. Sole proprietors and street addresses are excluded. Informational only.