Main Street Registry

Cottonwood Mill and Cabinet, Inc.

Draper, UT · Wood Kitchen Cabinet and Countertop Manufacturing · NAICS 337110

Cottonwood Mill and Cabinet, Inc. is a wood kitchen cabinet and countertop manufacturer in Draper, Utah. It was financed with an SBA 7(a) loan for a change of ownership of $2,039,500 approved on October 12, 2023, through BMO Bank National Association.

SBA 7(a) loan, change of ownership, approved Oct 12, 2023

$2,039,500 approvedLender: BMO Bank National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,039,500
SBA-guaranteed amount
$1,529,625 (75% of the approval)
Lender
BMO Bank National Association, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
October 12, 2033 (estimated, approval date plus term)
Estimated monthly payment
$26,952 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 18, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
58
Business type
Corporation
NAICS
337110, Wood Kitchen Cabinet and Countertop Manufacturing
Project location
Salt Lake County, UT
SBA district office
Utah District Office
Congressional district
UT-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 68% of acquisition loans in Wood Kitchen Cabinet and Countertop Manufacturing on this site.
  • Average acquisition loan in Wood Kitchen Cabinet and Countertop Manufacturing: $1,828,277.
  • Average acquisition loan in Utah: $1,761,092.

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