Big Ben's Moving and Storage
Big Ben's Moving and Storage is a business in Provo, Utah, in the industry of lessors of miniwarehouses and self-storage units (NAICS 531130). The company financed real estate or equipment through an SBA 504 loan of $1,882,000 with Cache Valley Banking Company as the lender, with a December 31, 2023 approval date.
SBA 504 loan, approved Dec 31, 2023
$1,882,000 SBA portionCDC: Capital Matrix, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,882,000
- Bank portion
- $3,750,000
- Estimated project size
- $6,257,778 (estimated)
- Estimated owner equity
- $625,778 (estimated, about 10% of the project)
- Bank lender
- Cache Valley Banking Company, Logan, UT
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- December 31, 2048 (estimated, approval date plus term)
- First disbursement
- Sep 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 531130, Lessors of Miniwarehouses and Self-Storage Units
- Project location
- Utah 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 39% of expansion loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
- Average expansion loan in Lessors of Miniwarehouses and Self-Storage Units: $2,754,774.
- 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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