Spotlight of Our Borrower, eLab
Business: eLab, Inc.
Location: 5009 Roswell Road, Sandy Springs, GA
SBA 504 Loan $2,843,000
Third Party Lender $3,475,000
Company Investment $695,600
Employees prior to SBA 504 project: 55
Employees today: 130
eLab specializes in providing a variety of services for laboratory management & compliance testing for various controlled substances. One of the main competitive advantages the company has is being able to market itself as a "full service provider" to clients. eLab has the capability to help set up all of the software & hardware needed by a physician to establish an onsite lab including the instruments & other testing materials that are needed to conduct oral & urinary samplings for patients while helping to ensure that the tests provided adhere to various compliance regulations. On the back-end of the process, eLab has a clinical laboratory that is COLA accredited specializing in confirmation testing for both urine and oral fluid samples. eLab provides confirmation testing of all drugs requested with "next day" service from the time the specimens reach the clinical laboratory. Certified toxicology reports can then be delivered via secure data transfer direct to the clients medical records system (EMR), fax, or web portal. To obtain the specimen samples, eLab offers a courier service within a 50 mile radius of its facility in Atlanta and it has also negotiated contract rates with UPS to pick-up specimen samples from clients outside of the 50 mile radius throughout the U.S. The "next day" turn around provided by eLab helps to set the company apart as being one of the fastest providers in the industry for test results.