Hidden Valley Assisted Living and Memory Care
Hidden Valley Assisted Living and Memory Care, located in Ogden, Utah, operates in the nursing care facilities industry (skilled nursing facilities, NAICS 623110). The business financed real estate or equipment through an SBA 504 loan of $2,986,000 approved on April 17, 2024, with Celtic Bank Corporation as the lender and Mountain West Small Business Finance as the certified development company.
SBA 504 loan, approved Apr 17, 2024
$2,986,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,986,000
- Bank portion
- $2,935,000
- Estimated project size
- $6,578,889 (estimated)
- Estimated owner equity
- $657,889 (estimated, about 10% of the project)
- Bank lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- April 17, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- Weber County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-1
- Collateral
- Yes
Estimated share of project by source
Bank 45% SBA (CDC) 45% Owner 10%
- Larger than 70% of expansion loans in Nursing Care Facilities (Skilled Nursing Facilities) on this site.
- Average expansion loan in Nursing Care Facilities (Skilled Nursing Facilities): $2,434,200.
- 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
- Millcreek Rehabilitation and Nursing LLC, American Fork
- Healthquest Properties, Inc, Farmington