SECURITIES AND EXCHANGE COMMISSION
           Washington, D.C. 20549


                     FORM 8-K
                  CURRENT REPORT

        PURSUANT TO SECTION 13 OR 15(d)
   OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): June 27, 2014


             SCIENTIFIC INDUSTRIES, INC.
_________________________________________________
(Exact name of registrant as specified in its charter)

Delaware	    000-6658        04-2217279
___________	  ____________	  __________________
(State or other   (Commission    (IRS Employer No.)
jurisdiction of    File Number)
incorporation)

                   70 Orville Drive
                Bohemia, New York 11716
__________________________________________________
   (Address of principal executive offices)


                   (631) 567-4700
__________________________________________________
Registrant's telephone number, including area code


                    Not Applicable
__________________________________________________
(Former name or former address,
if changed since last report)


ITEM 1.01.	ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT


On June 25, 2014, the Company and Bank of America, N.A.
(the "Bank") entered into a Business Loan Agreement pursuant
to which the Bank granted the Company a $700,000 line of
credit for the period ending November 30, 2015. Advances are to bear
interest at 3.00 percentage points over the LIBOR Index,
currently 3.16% per annum and are to be secured by a pledge of
Collateral consisting of all accounts, chattel paper, inventory,
equipment and fixtures of the Company. Principal along
with interest are payable at maturity.

Maturity of principal and interest accelerate upon the occurrence
of an event of default. The events specified include failure to
pay outstanding obligations under the loan, a material adverse
change in the Company's financial condition or prospects and acts
of insolvency. During the period of default the interest rate
increase by 6% per annum.

The Company is required to reduce the outstanding principal balance
to zero during the 30 day period ending on the anniversary date of
the Note.

The facility replaces the Company's existing agreement relating to
$700,000 with its former bank, Chase Bank, N.A.

ITEM 9.01  Financial Statements and Exhibits

(a) and (b) not applicable

(c) Exhibits

Exhibit No.             Exibit
___________             _____________________________
99.1                    Loan Agreement
99.2			Security Agreement





                            SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.


                                   SCIENTIFIC INDUSTRIES, INC.
                                   (Registrant)


Date:	July 2, 2014
			           By: /s/ Helena R. Santos

			           Helena R. Santos,
			           President and Chief Executive
 			           Officer