Lucky's Auto Credit, LLC
Lucky's Auto Credit, LLC is a used car dealer in West Valley City, Utah, classified under NAICS code 441120 (Used Car Dealers). The business financed real estate or equipment through an SBA 504 loan of $3,130,000, approved on October 30, 2023, with Bank Five Nine as the bank partner and Mountain West Small Business Finance as the certified development company.
SBA 504 loan, approved Oct 30, 2023
$3,130,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $3,130,000
- Bank portion
- $3,811,000
- Estimated project size
- $7,712,222 (estimated)
- Estimated owner equity
- $771,222 (estimated, about 10% of the project)
- Bank lender
- Bank Five Nine, Oconomowoc, WI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 30, 2048 (estimated, approval date plus term)
- First disbursement
- Apr 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 441120, Used Car Dealers
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 87% of expansion loans in Used Car Dealers on this site.
- Average expansion loan in Used Car Dealers: $1,930,870.
- 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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Same industry in Utah
- Auto Empire LLC, West Valley City
- Prestman Auto, South Salt Lake