Ironwood Construction, LLC
Ironwood Construction, LLC, located in Logan, Utah, operates in commercial and institutional building construction. The business was financed with an SBA 7(a) loan for a change of ownership of $4.2 million, approved on July 15, 2026, through Bank of Utah.
SBA 7(a) loan, change of ownership, approved Jul 15, 2026
$4,200,000 approvedLender: Bank of Utah10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,200,000
- SBA-guaranteed amount
- $3,150,000 (75% of the approval)
- Lender
- Bank of Utah, Ogden, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 15, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $52,637 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 236220, Commercial and Institutional Building Construction
- Project location
- Cache County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 72% of acquisition loans in Commercial and Institutional Building Construction on this site.
- Average acquisition loan in Commercial and Institutional Building Construction: $2,773,374.
- 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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