Main Street Registry

Henderson Hotels, LLC

Vernal, UT · Hotels (except Casino Hotels) and Motels · NAICS 721110

Henderson Hotels, LLC, located in Vernal, UT, operates in the hotels (except casino hotels) and motels industry. The company financed real estate or equipment through an SBA 504 loan of $1,070,000 with Bank of Utah as the lender and Mountain West Small Business Finance as the CDC, approved on February 13, 2024. The business operates under a Best Western franchise.

SBA 504 loan, approved Feb 13, 2024

SBA (CDC) portion
$1,070,000
Bank portion
$1,485,295
Estimated project size
$2,839,217 (estimated)
Estimated owner equity
$283,922 (estimated, about 10% of the project)
Bank lender
Bank of Utah, Ogden, UT
CDC
Mountain West Small Business Finance
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 13, 2049 (estimated, approval date plus term)
First disbursement
Apr 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Best Western - Best Western Plus - Best Western Premier- Executive Residency by Best Western- @Home by Best Western - GLo - Aiden - Membership Agreement
Project location
Duchesne County, UT
SBA district office
Utah District Office
Congressional district
UT-1
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

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