Labpacks Unlimited, Inc.
Labpacks Unlimited, Inc. is a hazardous waste collection business in Avon Lake, Ohio, classified under NAICS code 562112. It was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1.5 million from KeyBank National Association and an approval date of August 12, 2026.
SBA 7(a) loan, change of ownership, approved Aug 12, 2026
$1,500,000 approvedLender: KeyBank National Association10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,500,000
- SBA-guaranteed amount
- $1,125,000 (75% of the approval)
- Lender
- KeyBank National Association, Cleveland, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 12, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $18,799 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 562112, Hazardous Waste Collection
- Project location
- Lorain County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Hazardous Waste Collection: $1,500,000.
- Average acquisition loan in Ohio: $1,840,340.
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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