Southeastern Laboratory Apparatus
Southeastern Laboratory Apparatus, located in North Augusta, South Carolina, operates in glass product manufacturing made of purchased glass (NAICS 327215). The company was financed with an SBA 7(a) loan for a change of ownership totaling $715,000, approved on May 20, 2026, through United Community Bank.
SBA 7(a) loan, change of ownership, approved May 20, 2026
$715,000 approvedLender: United Community Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $715,000
- SBA-guaranteed amount
- $536,250 (75% of the approval)
- Lender
- United Community Bank, Greenville, SC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 20, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $8,961 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 327215, Glass Product Manufacturing Made of Purchased Glass
- Project location
- Aiken County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Glass Product Manufacturing Made of Purchased Glass: $1,577,643.
- Average acquisition loan in South Carolina: $1,827,509.
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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