Cafe & Lounge Italiano
Cafe & Lounge Italiano is a mobile food services business in Moab, Utah, in the NAICS industry for mobile food services. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1.2 million, approved on June 17, 2024, through Desert Rivers FCU and Mountain West Small Business Finance.
SBA 504 loan, approved Jun 17, 2024
$1,205,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,205,000
- Bank portion
- $1,463,997
- Estimated project size
- $2,965,552 (estimated)
- Estimated owner equity
- $296,555 (estimated, about 10% of the project)
- Bank lender
- Desert Rivers FCU, Moab, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 17, 2049 (estimated, approval date plus term)
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 722330, Mobile Food Services
- Project location
- Grand County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Mobile Food Services: $1,205,000.
- 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.
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