Synergy Technologies

SBA 7(a) Loan

LOAN AMOUNT: $2,130,000

LOAN TYPE: SBA 7(a) Loan

INDUSTRY: Food Processing

LOAN DETAILS

Location

Shreveport, Louisiana

Term

10 years

Jobs

23

History

Synergy Technologies, Inc. is a privately-held specialty chemical firm located in Shreveport, Louisiana with a concentration in food protection. The firm produces and markets a revolutionary line of processing aids and anti-microbial products that can be used to provide a safe, non-toxic and economical solution to fight harmful foodborne pathogens such as Salmonella, E. coli, Listeria and Campylobacter. These products have been reviewed by both the US FDA and the USDA Food Safety Inspection Service, and subsequently obtained the necessary letters of “no objection” regarding their use for specific applications.

In addition, Synergy’s SYNTRx® product line was developed to be used in poultry and meat processing plants as well as in the feed mills, farms and feed lots where these animals are raised. Similarly, the firm’s recently launched SYNERGIZE® product line is built around Peracetic Acid (PAA), an FDA approved oxidizer which breaks down readily to form acetic acid and hydrogen peroxide, both safe and environmentally friendly residues. In January of 2010, Synergy Technologies spun off a sister company named Safe-T-Products, LLC (STP), who is concentrating their commercialization efforts of similar backbone based products to the consumer & institutional markets. Initial products will be marketed under one of several trade names including Sterifix and Clenfx in a variety of packing options.

Synergy has recently opened a Technology and Support Center within the Memphis Bioworks Foundation’s incubator. The offices and microbiology laboratories will further the product development and customer solutions efforts of the firm.