Williamson Electrical Company
25 Griffin Way, Chelsea, MA 2150 · Motor and Generator Manufacturing (NAICS 335312)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
4
Total Amount
$2.4M
Jobs Supported
194
Years Active
2005–2021
Loan History (4)
Source: SBA FOIA7(a)$500,000
Exempt
- Approved
- Jul 1, 2021 (FY2021)
- SBA Guaranteed
- $250,000 (50%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 5.75%
- Revolver
- 1
- Jobs Supported
- 75
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Motor and Generator Manufacturing (NAICS 335312)
Lender
Webster Bank National Association
137 Bank St, Waterbury, CT 6702
Project Location
Suffolk County, MA
7(a)$666,300
Paid in Full
- Approved
- Oct 11, 2012 (FY2013)
- SBA Guaranteed
- $499,725 (75%)
- Term
- 84 months (7.0 yrs)
- Interest Rate
- 5.75%
- Revolver
- 0
- Jobs Supported
- 39
- Business Type
- Corporation
- Industry
- Electrical Contractors (NAICS 238210)
- Paid in Full
- Oct 31, 2019
Lender
Eastern Bank
Oliver Street Tower, 125 High, Boston, MA 2110
Project Location
Suffolk County, MA
7(a)$300,000
Paid in Full
- Approved
- Oct 11, 2012 (FY2013)
- SBA Guaranteed
- $150,000 (50%)
- Term
- 84 months (7.0 yrs)
- Interest Rate
- 4.25%
- Revolver
- 1
- Jobs Supported
- 41
- Business Type
- Corporation
- Industry
- Other Electronic and Precision Equipment Repair and Maintenance (NAICS 811219)
- Paid in Full
- Oct 31, 2020
Lender
Eastern Bank
Oliver Street Tower, 125 High, Boston, MA 2110
Project Location
Suffolk County, MA
504$923,000
Paid in Full
- Approved
- May 31, 2005 (FY2005)
- Term
- 240 months (20.0 yrs)
- Jobs Supported
- 39
- Business Type
- Corporation
- Industry
- Other Electronic and Precision Equipment Repair and Maintenance (NAICS 811219)
- Paid in Full
- Sep 30, 2020
Certified Development Company (CDC)
Bay Colony Development Corpora
230 Third Avenue, Waltham, MA 2451
Project Location
Suffolk County, MA
Business Details
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- NAICS Code
- 335312 — Motor and Generator Manufacturing
- Address
- 25 Griffin Way
Chelsea, MA 2150
Lenders
- Webster Bank National Association
- 137 Bank St, Waterbury, CT 6702
- Eastern Bank
- Oliver Street Tower, 125 High, Boston, MA 2110