HMI Utah LLC
HMI Utah LLC is located in South Salt Lake, UT, and the SBA lists its industry as Drywall and Insulation Contractors. It was approved for an SBA 7(a) loan of $1,675,000 for a change of ownership on June 26, 2024.
SBA 7(a) loan, change of ownership, approved Jun 26, 2024
- Gross approval
- $1,675,000
- SBA-guaranteed amount
- $1,256,250 (75% of the approval)
- Lender
- Pathward National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $22,602 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 238310, Drywall and Insulation Contractors
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 62% of acquisition loans in Drywall and Insulation Contractors on this site.
- Average acquisition loan in Drywall and Insulation Contractors: $1,987,965.
- 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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Same industry in Utah
- Middleton Land LLC, Salt Lake City