8TH Street Shop LLC
8TH Street Shop LLC is a business in Salt Lake City, Utah, in the other leather and allied product manufacturing industry. It financed real estate or equipment through an SBA 504 loan of $1,464,000, with America First Federal Credit Union as the lender and Mountain West Small Business Finance as the certified development company, approved on August 21, 2024.
SBA 504 loan, approved Aug 21, 2024
$1,464,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,464,000
- Bank portion
- $1,780,000
- Estimated project size
- $3,604,444 (estimated)
- Estimated owner equity
- $360,444 (estimated, about 10% of the project)
- Bank lender
- America First Federal Credit Union, Riverdale, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 21, 2049 (estimated, approval date plus term)
- First disbursement
- Oct 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 316990, Other Leather and Allied Product Manufacturing
- 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%
- Average expansion loan in Other Leather and Allied Product Manufacturing: $1,770,000.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Utah
- McCALL SADDLE COMPANY, INC., Vernal