Lowe Hollow Properties, LLC
Lowe Hollow Properties, LLC, located in Woods Cross, Utah, is classified under the industry All Other General Merchandise Retailers. The company was approved for an SBA 504 loan of $1,682,000 from Bank of Utah with Intermountain Business Lending, Inc. as the certified development company, with an approval date of November 5, 2024. The loan financed real estate or equipment through an SBA 504 loan.
SBA 504 loan, approved Nov 5, 2024
$1,682,000 SBA portionCDC: Intermountain Business Lending, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,682,000
- Bank portion
- $2,514,000
- Estimated project size
- $4,662,222 (estimated)
- Estimated owner equity
- $466,222 (estimated, about 10% of the project)
- Bank lender
- Bank of Utah, Ogden, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 5, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 455219, All Other General Merchandise Retailers
- Project location
- Davis County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-2
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Larger than 55% of expansion loans in All Other General Merchandise Retailers on this site.
- Average expansion loan in All Other General Merchandise Retailers: $2,003,182.
- 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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