What is Suncoast Electric?
Suncoast Electric Inc. is a seasoned provider of comprehensive electrical engineering, installation, and maintenance services, serving the St. Petersburg and Tampa regions. Boasting over 56 years of operational experience, the company demonstrates a robust capacity to deliver tailored solutions for a diverse range of projects, from small residential needs to large industrial facilities. Their commitment extends to emergency services, available around the clock, ensuring client support at all times. Licensed, bonded, and insured, Suncoast Electric specializes in critical areas such as generator installation and thorough electrical inspections, positioning them as a reliable partner for quality electrical work at competitive pricing.
How much funding has Suncoast Electric raised?
Suncoast Electric has raised a total of $357K across 2 funding rounds:
Debt
$150K
Debt
$207K
Debt (2020): $150K with participation from PPP
Debt (2021): $207K led by PPP
What's next for Suncoast Electric?
The substantial backing and recent strategic investment indicate Suncoast Electric is poised for further expansion and operational enhancement. This capital infusion is likely to fuel advancements in service delivery, potentially through technology adoption, fleet modernization, or expanding their skilled workforce to meet increasing demand. Given their long history and broad service offering, the company is well-positioned to leverage this financing for market share growth and to solidify its leadership in the Florida electrical services industry.
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