Rearden Racing, LLC
Rearden Racing, LLC, located in Park City, Utah, operates in the promoters of performing arts, sports, and similar events with facilities industry (NAICS 711310). The company financed real estate or equipment through an SBA 504 loan of $2,096,000, approved on May 1, 2024, with Bank of Utah as the lending bank and Mountain West Small Business Finance as the certified development company.
SBA 504 loan, approved May 1, 2024
$2,096,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,096,000
- Bank portion
- $2,491,162
- Estimated project size
- $5,096,847 (estimated)
- Estimated owner equity
- $509,685 (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
- May 1, 2049 (estimated, approval date plus term)
- First disbursement
- Nov 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 711310, Promoters of Performing Arts, Sports, and Similar Events with Facilities
- 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%
- Larger than 64% of expansion loans in Promoters of Performing Arts, Sports, and Similar Events with Facilities on this site.
- Average expansion loan in Promoters of Performing Arts, Sports, and Similar Events with Facilities: $1,999,455.
- 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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