Cutting Edge Closet & Design - ACG, LLC
Cutting Edge Closet & Design - ACG, LLC is a business in Orem, Utah, in the Other Building Finishing Contractors industry. The company was financed with an SBA 7(a) loan for a change of ownership of $4,062,000, approved on August 22, 2025, by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Aug 22, 2025
$4,062,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,062,000
- SBA-guaranteed amount
- $3,046,500 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- August 22, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $52,007 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 5, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 238390, Other Building Finishing Contractors
- 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 90% of acquisition loans in Other Building Finishing Contractors on this site.
- Average acquisition loan in Other Building Finishing Contractors: $1,603,650.
- 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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