1875 W 1500 S LLC
1875 W 1500 S LLC is a business located in Salt Lake City, Utah, in the Glass and Glazing Contractors industry. The company financed real estate or equipment through an SBA 504 loan of $1,446,000, with U.S. Bank, National Association as the lender and Mountain West Small Business Finance as the certified development company, approved on October 20, 2023.
SBA 504 loan, approved Oct 20, 2023
$1,446,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,446,000
- Bank portion
- $1,757,500
- Estimated project size
- $3,559,444 (estimated)
- Estimated owner equity
- $355,944 (estimated, about 10% of the project)
- Bank lender
- U.S. Bank, National Association, Cincinnati, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 20, 2048 (estimated, approval date plus term)
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 238150, Glass and Glazing Contractors
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 60% of expansion loans in Glass and Glazing Contractors on this site.
- Average expansion loan in Glass and Glazing Contractors: $1,442,400.
- Average expansion loan in Utah: $2,117,884.
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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Same industry in Utah
- Fairway ACQ, LLC, Morgan
- Dixon Glass, South Salt Lake