Old Towne Gallery
Old Towne Gallery is located in Park City, UT, and the SBA lists its industry as Art Dealers. It was approved for an SBA 504 loan ($2,063,000 SBA portion) on December 9, 2023 to finance real estate or equipment.
SBA 504 loan, approved Dec 9, 2023
- SBA (CDC) portion
- $2,063,000
- Bank portion
- $2,510,000
- Estimated project size
- $5,081,111 (estimated)
- Estimated owner equity
- $508,111 (estimated, about 10% of the project)
- Bank lender
- JPMorgan Chase Bank, National Association, Columbus, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 9, 2048 (estimated, approval date plus term)
- First disbursement
- Apr 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 459920, Art Dealers
- Project location
- Summit County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Art Dealers: $1,773,500.
- 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.
Is this your company? Claim or correct this listing. See Corrections.