Healthquest Properties, Inc
Healthquest Properties, Inc, located in Farmington, UT, operates in the nursing care facilities (skilled nursing facilities) industry, NAICS code 623110. The company financed real estate or equipment through an SBA 504 loan of $1,009,000, with Zions Bancorporation, National Association as the lending bank and Intermountain Business Lending, Inc. as the certified development company, approved on March 14, 2024.
SBA 504 loan, approved Mar 14, 2024
$1,009,000 SBA portionCDC: Intermountain Business Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,009,000
- Bank portion
- $1,447,500
- Estimated project size
- $2,729,444 (estimated)
- Estimated owner equity
- $272,944 (estimated, about 10% of the project)
- Bank lender
- Zions Bancorporation, National Association, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 14, 2049 (estimated, approval date plus term)
- First disbursement
- Jun 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- LLC or partnership
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- Davis County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-1
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Average expansion loan in Nursing Care Facilities (Skilled Nursing Facilities): $2,434,200.
- 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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- Millcreek Rehabilitation and Nursing LLC, American Fork
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