Blue Diamond Chevrolet Gmc
Blue Diamond Chevrolet Gmc is a New Car Dealers business located in Price, UT, operating under NAICS code 441110. The company financed real estate or equipment through an SBA 504 loan of $1,565,000, approved on August 16, 2024, with Eastern Utah Community FCU as the bank partner and Mountain West Small Business Finance as the certified development company.
SBA 504 loan, approved Aug 16, 2024
$1,565,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,565,000
- Bank portion
- $1,902,300
- Estimated project size
- $3,852,556 (estimated)
- Estimated owner equity
- $385,256 (estimated, about 10% of the project)
- Bank lender
- Eastern Utah Community FCU, Price, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 16, 2049 (estimated, approval date plus term)
- First disbursement
- Nov 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 441110, New Car Dealers
- Franchise
- General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement
- Project location
- Carbon County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 19% of expansion loans in New Car Dealers on this site.
- Average expansion loan in New Car Dealers: $3,138,111.
- 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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