Creative Learning Academy of Utah LLC
Creative Learning Academy of Utah LLC is a child care services business in West Valley City, Utah, classified under NAICS code 624410. The company financed real estate or equipment through an SBA 504 loan of $1,589,000, approved on December 1, 2023, with Canyon View Federal Credit Union as the partner lender and Mountain West Small Business Finance as the certified development company.
SBA 504 loan, approved Dec 1, 2023
$1,589,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,589,000
- Bank portion
- $1,931,516
- Estimated project size
- $3,911,684 (estimated)
- Estimated owner equity
- $391,168 (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
- December 1, 2048 (estimated, approval date plus term)
- First disbursement
- Mar 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 624410, Child Care Services
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 36% of expansion loans in Child Care Services on this site.
- Average expansion loan in Child Care Services: $1,977,874.
- 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
- Little Geniuses Learning Center LLC, Midvale
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