Allen Brothers Enterprises, LLC
Allen Brothers Enterprises, LLC is located in Logan, UT, and the SBA lists its industry as Funeral Homes and Funeral Services. It was approved for an SBA 504 loan ($1,657,000 SBA portion) on October 3, 2023 to finance real estate or equipment.
SBA 504 loan, approved Oct 3, 2023
- SBA (CDC) portion
- $1,657,000
- Bank portion
- $2,015,000
- Estimated project size
- $4,080,000 (estimated)
- Estimated owner equity
- $408,000 (estimated, about 10% of the project)
- Bank lender
- Cache Valley Bank, Logan, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 3, 2048 (estimated, approval date plus term)
- First disbursement
- Dec 13, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 812210, Funeral Homes and Funeral Services
- Project location
- Cache County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 73% of expansion loans in Funeral Homes and Funeral Services on this site.
- Average expansion loan in Funeral Homes and Funeral Services: $1,474,273.
- 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
- Rmd Enterprises LLC, Salt Lake City