Choice Next Great Adventure, LLC
Choice Next Great Adventure, LLC is an elementary and secondary school located in Bountiful, Utah. The company financed real estate or equipment through an SBA 504 loan of $1,975,000, with Canyon View Federal Credit Union as the lender and approval dated August 26, 2024.
SBA 504 loan, approved Aug 26, 2024
$1,975,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,975,000
- Bank portion
- $2,196,563
- Estimated project size
- $4,635,070 (estimated)
- Estimated owner equity
- $463,507 (estimated, about 10% of the project)
- Bank lender
- Canyon View Federal Credit Union, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 26, 2049 (estimated, approval date plus term)
- First disbursement
- Jan 14, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Project location
- Davis County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-2
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Larger than 57% of expansion loans in Elementary and Secondary Schools on this site.
- Average expansion loan in Elementary and Secondary Schools: $2,129,925.
- 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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