Main Street Registry

Pacific Magnetic & Penetrant Co., Inc.

North Hollywood, CA · Testing Laboratories and Services · NAICS 541380

Pacific Magnetic & Penetrant Co., Inc. is a testing laboratories and services business in North Hollywood, CA, classified under NAICS code 541380. The company was financed with an SBA 7(a) loan for a change of ownership, with two loans from Live Oak Banking Company, one of $500,000 approved July 28, 2026 and one of $4,250,000 approved July 29, 2026, totaling $4,750,000 in SBA loan amounts. The loans reported 27 jobs.

SBA 7(a) loan, change of ownership, approved Jul 29, 2026

$4,250,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,250,000
SBA-guaranteed amount
$3,187,500 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.38%, variable
Term
10 years (120 months)
Estimated maturity
July 29, 2036 (estimated, approval date plus term)
Estimated monthly payment
$50,182 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 31, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
27
Business type
Corporation
NAICS
541380, Testing Laboratories and Services
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-28
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 85% of acquisition loans in Testing Laboratories and Services on this site.
  • Average acquisition loan in Testing Laboratories and Services: $2,246,192.
  • Average acquisition loan in California: $1,688,228.

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.

SBA 7(a) loan, change of ownership, approved Jul 28, 2026

$500,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$250,000 (50% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
Initial interest rate
7.38%, variable
Term
10 years (120 months)
Estimated maturity
July 28, 2036 (estimated, approval date plus term)
Estimated monthly payment
$5,904 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 31, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
27
Business type
Corporation
NAICS
541380, Testing Laboratories and Services
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-28
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
Yes
  • Average acquisition loan in Testing Laboratories and Services: $2,246,192.
  • Average acquisition loan in California: $1,688,228.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in California