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Utah Tourism Hospitality, LLC

South Jordan, UT · Hotels (except Casino Hotels) and Motels · NAICS 721110

Utah Tourism Hospitality, LLC is a business in South Jordan, Utah, in the hotels (except casino hotels) and motels industry. It was financed with an SBA 7(a) loan for a change of ownership totaling $4,295,000, approved on October 2, 2024, through America First Federal Credit Union.

SBA 7(a) loan, change of ownership, approved Oct 2, 2024

$4,295,000 approvedLender: America First Federal Credit Union25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,295,000
SBA-guaranteed amount
$3,221,250 (75% of the approval)
Lender
America First Federal Credit Union, Riverdale, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
6.5%, variable
Term
25 years (300 months)
Estimated maturity
October 2, 2049 (estimated, approval date plus term)
Estimated monthly payment
$29,000 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 8, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Salt Lake County, UT
SBA district office
Utah District Office
Congressional district
UT-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 68% of acquisition loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average acquisition loan in Hotels (except Casino Hotels) and Motels: $3,241,374.
  • 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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Same industry in Utah