M&M Business Ventures, LLC
M&M Business Ventures, LLC is a metal service center and wholesaler located in Saint George, Utah, classified under NAICS code 423510 for metal merchant wholesalers. The company was financed with an SBA 7(a) loan for a change of ownership totaling $800,000, approved on May 20, 2024, through Zions Bancorporation, National Association, with a 10-year term.
SBA 7(a) loan, change of ownership, approved May 20, 2024
$800,000 approvedLender: Zions Bancorporation, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $800,000
- SBA-guaranteed amount
- $600,000 (75% of the approval)
- Lender
- Zions Bancorporation, National Association, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.85%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,069 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 23, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 423510, Metal Service Centers and Other Metal Merchant Wholesalers
- Project location
- Washington County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Metal Service Centers and Other Metal Merchant Wholesalers: $2,208,550.
- 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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