Saini Hospitality LLC
Saini Hospitality LLC is a gasoline station with convenience store business located in Sandy, Utah, in the industry classified as Gasoline Stations with Convenience Stores. The company financed real estate or equipment through an SBA 504 loan of $1,775,000 from the SBA portion, approved on February 19, 2025, through Redemption Bank with Mountain West Small Business Finance as the certified development company.
SBA 504 loan, approved Feb 19, 2025
$1,775,000 SBA portionCDC: Mountain West Small Business Finance25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,775,000
- Bank portion
- $3,465,000
- Estimated project size
- $5,822,222 (estimated)
- Estimated owner equity
- $582,222 (estimated, about 10% of the project)
- Bank lender
- Redemption Bank, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 19, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- 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 60% SBA (CDC) 30% Owner 10%
- Larger than 49% of expansion loans in Gasoline Stations with Convenience Stores on this site.
- Average expansion loan in Gasoline Stations with Convenience Stores: $2,019,559.
- 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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