Silver Bear Swim School - UT, LLC
Silver Bear Swim School - UT, LLC is a sports and recreation instruction business located in Lehi, Utah, classified under NAICS code 611620. The company financed real estate or equipment through an SBA 504 loan of $1,111,000 with Central Bank as the lender, with the loan approved on May 24, 2024, and the business is a franchise of Silver Bear Swim School.
SBA 504 loan, approved May 24, 2024
$1,111,000 SBA portionCDC: B:Side Capital25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,111,000
- Bank portion
- $1,545,000
- Estimated project size
- $2,951,111 (estimated)
- Estimated owner equity
- $295,111 (estimated, about 10% of the project)
- Bank lender
- Central Bank, Provo, UT
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- May 24, 2049 (estimated, approval date plus term)
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 611620, Sports and Recreation Instruction
- Franchise
- Silver Bear Swim School
- Project location
- Utah County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-3
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 10% of expansion loans in Sports and Recreation Instruction on this site.
- Average expansion loan in Sports and Recreation Instruction: $1,653,800.
- 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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