Measurement Technology Laboratories, LLC
Measurement Technology Laboratories, LLC is located in Minneapolis, MN, and the SBA lists its industry as Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals. It was approved for an SBA 504 loan ($2,422,000 SBA portion) on December 20, 2024 to finance real estate or equipment.
SBA 504 loan, approved Dec 20, 2024
- SBA (CDC) portion
- $2,422,000
- Bank portion
- $2,951,000
- Estimated project size
- $5,970,000 (estimated)
- Estimated owner equity
- $597,000 (estimated, about 10% of the project)
- Bank lender
- BankVista, Sartell, MN
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- December 20, 2049 (estimated, approval date plus term)
- First disbursement
- Mar 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 23
- Business type
- Corporation
- NAICS
- 334515, Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals: $2,643,000.
- Average expansion loan in Minnesota: $2,136,981.
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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