Culver's of South Jordan
Culver's of South Jordan is a limited-service restaurant business located in South Jordan, Utah, classified under NAICS code 722513. The company financed real estate or equipment through an SBA 504 loan of $1,658,000 from a loan approved by Fortis Bancorp and Mountain West Small Business Finance, with an approval date of September 18, 2026.
SBA 504 loan, approved Sep 18, 2026
$1,658,000 SBA portionCDC: Mountain West Small Business Finance25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,658,000
- Bank portion
- $2,003,825
- Estimated project size
- $4,068,694 (estimated)
- Estimated owner equity
- $406,869 (estimated, about 10% of the project)
- Bank lender
- Fortis Bancorp, Denver, CO
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 18, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Franchise
- Culver's
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-4
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 70% of expansion loans in Limited-Service Restaurants on this site.
- Average expansion loan in Limited-Service Restaurants: $1,507,672.
- 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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