What is Spark Electric?
Spark Electric, LLC is a Union County-based electrical contracting firm that provides comprehensive services for both residential and commercial clients. Their offerings encompass a wide array of solutions, including intricate repairs, new installations, and advanced fire alarm system services. The company distinguishes itself through a steadfast commitment to superior workmanship and exceptional customer service, driven by a team of highly-trained, industry-certified master electricians. As a certified minority-owned business, Spark Electric leverages its extensive experience and professionalism to deliver reliable and high-quality electrical solutions.
How much funding has Spark Electric raised?
Spark Electric has raised a total of $503K across 3 funding rounds:
Debt
$150K
Debt
$103K
Debt
$250K
Debt (2020): $150K with participation from PPP
Debt (2021): $103K led by PPP
Debt (2024): $250K supported by Huntington National Bank
Key Investors in Spark Electric
PPP
Public-Private Partnership
Huntington National Bank
Huntington National Bank, a prominent financial institution, has provided debt financing, indicating a strategic partnership aimed at supporting Spark Electric's expansion and operational needs.
PPP
Public-Private Partnership
What's next for Spark Electric?
The recent major strategic investment signals a pivotal phase for Spark Electric, likely enabling further scaling of operations, technological integration, and market penetration. This capital infusion is expected to bolster the company's capacity to undertake larger projects and potentially expand its service offerings or geographic reach. As Spark Electric continues to build on its foundation of quality and client respect, this strategic backing positions it for accelerated growth and enhanced competitiveness within the dynamic electrical services industry.
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