Electrology Laboratory, Inc.
Electrology Laboratory, Inc. is located in Lakewood, CO, and the SBA lists its industry as All Other Miscellaneous Schools and Instruction. It was approved for an SBA 7(a) loan of $1,670,900 for a change of ownership on May 13, 2025.
SBA 7(a) loan, change of ownership, approved May 13, 2025
- Gross approval
- $1,670,900
- SBA-guaranteed amount
- $1,253,175 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.99%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- May 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $20,264 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 611699, All Other Miscellaneous Schools and Instruction
- Project location
- Jefferson County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 45% of acquisition loans in All Other Miscellaneous Schools and Instruction on this site.
- Average acquisition loan in All Other Miscellaneous Schools and Instruction: $2,006,618.
- Average acquisition loan in Colorado: $1,608,658.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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