Contract Testing Laboratories of America, LLC
Contract Testing Laboratories of America, LLC is a testing laboratory and services business located in Orem, Utah, classified under NAICS code 541380. The company financed real estate or equipment through an SBA 504 loan of $1,921,000, with Accordia Bank as the lending bank and Intermountain Business Lending, Inc. as the certified development company, with an approval date of May 22, 2026.
SBA 504 loan, approved May 22, 2026
$1,921,000 SBA portionCDC: Intermountain Business Lending, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,921,000
- Bank portion
- $2,328,500
- Estimated project size
- $4,721,667 (estimated)
- Estimated owner equity
- $472,167 (estimated, about 10% of the project)
- Bank lender
- Accordia Bank, Provo, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 22, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 541380, Testing Laboratories and Services
- Project location
- Utah County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Testing Laboratories and Services: $2,331,250.
- Average expansion loan in Utah: $2,117,884.
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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