Draper Rhino, LLC
Draper Rhino, LLC is a business in South Jordan, Utah, in the construction, mining, and forestry machinery and equipment rental and leasing industry (NAICS 532412). The company financed real estate or equipment through an SBA 504 loan of $3,819,000, approved on December 5, 2024, with First Utah Bank as the participating lender and Mountain West Small Business Finance as the certified development company.
SBA 504 loan, approved Dec 5, 2024
$3,819,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $3,819,000
- Bank portion
- $4,236,263
- Estimated project size
- $8,950,292 (estimated)
- Estimated owner equity
- $895,029 (estimated, about 10% of the project)
- Bank lender
- First Utah Bank, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 5, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 532412, Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
- 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 47% SBA (CDC) 43% Owner 10%
- Average expansion loan in Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing: $2,777,667.
- 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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