Olympus Real Estate and Development LLC
Olympus Real Estate and Development LLC, located in Millcreek, Utah, operates in the offices of physicians (except mental health specialists) industry, NAICS code 621111. The company financed real estate or equipment through an SBA 504 loan of $4,033,000 approved on February 22, 2024, with Cache Valley Bank as the lender and Mountain West Small Business Finance as the certified development company.
SBA 504 loan, approved Feb 22, 2024
$4,033,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $4,033,000
- Bank portion
- $6,137,787
- Estimated project size
- $11,300,874 (estimated)
- Estimated owner equity
- $1,130,087 (estimated, about 10% of the project)
- Bank lender
- Cache Valley Bank, Logan, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 22, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 621111, Offices of Physicians (except Mental Health Specialists)
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-3
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Larger than 91% of expansion loans in Offices of Physicians (except Mental Health Specialists) on this site.
- Average expansion loan in Offices of Physicians (except Mental Health Specialists): $2,141,987.
- 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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- Avant Plastics, South Jordan