Big Iron Drilling, LLC
Big Iron Drilling, LLC is a site preparation contractor in Salt Lake City, Utah, classified under NAICS 238910 (Site Preparation Contractors). The company financed real estate or equipment through an SBA 504 loan of $1.4 million, approved on May 1, 2026, through First Utah Bank with B:Side Capital as the certified development company. The loan is listed with an estimated 10 jobs supported.
SBA 504 loan, approved May 1, 2026
- SBA (CDC) portion
- $1,412,000
- Bank portion
- $1,650,690
- Estimated project size
- $3,402,989 (estimated)
- Estimated owner equity
- $340,299 (estimated, about 10% of the project)
- Bank lender
- First Utah Bank, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 1, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 238910, Site Preparation Contractors
- Project location
- Salt Lake 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%
- Larger than 33% of expansion loans in Site Preparation Contractors on this site.
- Average expansion loan in Site Preparation Contractors: $1,883,067.
- 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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