Spring Works Utah, Inc.
Spring Works Utah, Inc. is located in Woods Cross, UT, and the SBA lists its industry as Spring Manufacturing. It was approved for an SBA 504 loan ($2,961,000 SBA portion) on November 19, 2025 to finance real estate or equipment.
SBA 504 loan, approved Nov 19, 2025
- SBA (CDC) portion
- $2,961,000
- Bank portion
- $3,529,000
- Estimated project size
- $7,211,111 (estimated)
- Estimated owner equity
- $721,111 (estimated, about 10% of the project)
- Bank lender
- Bank of America, National Association, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 19, 2050 (estimated, approval date plus term)
- First disbursement
- Feb 11, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 332613, Spring Manufacturing
- Project location
- Davis County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Spring Manufacturing: $4,230,500.
- 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.
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