Middleton Land LLC
Middleton Land LLC is a drywall and insulation contractor located in Salt Lake City, Utah. The company financed real estate or equipment through an SBA 504 loan of $3,182,000, provided through First Utah Bank and Mountain West Small Business Finance, with approval dated March 27, 2024.
SBA 504 loan, approved Mar 27, 2024
$3,182,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $3,182,000
- Bank portion
- $4,645,345
- Estimated project size
- $8,697,050 (estimated)
- Estimated owner equity
- $869,705 (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
- March 27, 2049 (estimated, approval date plus term)
- First disbursement
- Sep 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 35
- Business type
- Corporation
- NAICS
- 238310, Drywall and Insulation Contractors
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-2
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 90% of expansion loans in Drywall and Insulation Contractors on this site.
- Average expansion loan in Drywall and Insulation Contractors: $1,673,800.
- 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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