Draper Rhino, LLC
Draper Rhino, LLC is located in South Jordan, UT, and the SBA lists its industry as Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing. It was approved for an SBA 504 loan ($3,819,000 SBA portion) on December 5, 2024 to finance real estate or equipment.
SBA 504 loan, approved Dec 5, 2024
- SBA (CDC) portion
- $3,819,000
- Bank portion
- $4,236,263
- Estimated project size
- $8,950,292 (estimated)
- Estimated owner equity
- $895,029 (estimated, about 10% of the project)
- Bank lender
- First Utah Bank, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 5, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 532412, Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-3
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Average expansion loan in Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing: $2,777,667.
- 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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