Chateau Health & Wellness
Chateau Health & Wellness, located in Midway, Utah, operates in the outpatient mental health and substance abuse centers industry (NAICS 621420). The company financed real estate or equipment through an SBA 504 loan of $2,234,000 approved on November 4, 2024, with a 300-month term, from Glacier Bank with Intermountain Business Lending, Inc. as the certified development company, and the loan is reported to support 8 jobs.
SBA 504 loan, approved Nov 4, 2024
$2,234,000 SBA portionCDC: Intermountain Business Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,234,000
- Bank portion
- $2,616,250
- Estimated project size
- $5,389,167 (estimated)
- Estimated owner equity
- $538,917 (estimated, about 10% of the project)
- Bank lender
- Glacier Bank, Kalispell, MT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 4, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 621420, Outpatient Mental Health and Substance Abuse Centers
- Project location
- Summit 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%
- Average expansion loan in Outpatient Mental Health and Substance Abuse Centers: $2,486,444.
- 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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