Main Street Registry

Draper Hospitality 12605 LLC

South Jordan, UT · Hotels (except Casino Hotels) and Motels · NAICS 721110

Draper Hospitality 12605 LLC is a hotel business in South Jordan, Utah, classified under the industry description Hotels (except Casino Hotels) and Motels (NAICS 721110). The company financed real estate or equipment through an SBA 504 loan of $1,231,000 approved on January 16, 2025, with Canyon View Federal Credit Union as the lending bank and Mountain West Small Business Finance as the certified development company.

SBA 504 loan, approved Jan 16, 2025

$1,231,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,231,000
Bank portion
$2,530,600
Estimated project size
$4,179,556 (estimated)
Estimated owner equity
$417,956 (estimated, about 10% of the project)
Bank lender
Canyon View Federal Credit Union, Salt Lake City, UT
CDC
Mountain West Small Business Finance
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
January 16, 2050 (estimated, approval date plus term)
First disbursement
Jun 11, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Salt Lake County, UT
SBA district office
Utah District Office
Congressional district
UT-3
Collateral
Yes

Estimated share of project by source

Bank 61% SBA (CDC) 29% Owner 10%

  • Larger than 9% of expansion loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average expansion loan in Hotels (except Casino Hotels) and Motels: $2,843,226.
  • 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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Same industry in Utah