Titan Food Services, LLC
Titan Food Services, LLC, located in Vernal, Utah, operates in the snack and nonalcoholic beverage bars industry. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $2,075,700 from Zions Bancorporation, National Association, approved on April 6, 2024.
SBA 7(a) loan, change of ownership, approved Apr 6, 2024
$2,075,700 approvedLender: Zions Bancorporation, National Association10 years termPaid in fullLoan details
- Gross approval
- $2,075,700
- SBA-guaranteed amount
- $1,556,775 (75% of the approval)
- Lender
- Zions Bancorporation, National Association, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 6, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $27,431 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 29, 2024
- Loan status
- Paid in full
- Jobs supported
- 100
- Business type
- Corporation
- NAICS
- 722515, Snack and Nonalcoholic Beverage Bars
- Franchise
- Crumbl
- Project location
- Uintah County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 92% of acquisition loans in Snack and Nonalcoholic Beverage Bars on this site.
- Average acquisition loan in Snack and Nonalcoholic Beverage Bars: $1,080,276.
- Average acquisition loan in Utah: $1,761,092.
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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