The Cedar of Lebanon of Utah LLC
The Cedar of Lebanon of Utah LLC is a nursery, garden center, and farm supply retailer in Springville, Utah. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $548,700, approved on September 2, 2025, by U.S. Bank, National Association.
SBA 7(a) loan, change of ownership, approved Sep 2, 2025
$548,700 approvedLender: U.S. Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $548,700
- SBA-guaranteed amount
- $411,525 (75% of the approval)
- Lender
- U.S. Bank, National Association, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 2, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,657 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 8, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 444240, Nursery, Garden Center, and Farm Supply Retailers
- Project location
- Utah County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 17% of acquisition loans in Nursery, Garden Center, and Farm Supply Retailers on this site.
- Average acquisition loan in Nursery, Garden Center, and Farm Supply Retailers: $1,340,850.
- 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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