Mountain Valley Motorsports.
Mountain Valley Motorsports is a recreational vehicle dealer in Layton, Utah, operating in the industry classified as Recreational Vehicle Dealers. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,860,000, with Byline Bank as the lender and an approval date of September 17, 2024.
SBA 7(a) loan, change of ownership, approved Sep 17, 2024
$1,860,000 approvedLender: Byline Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,860,000
- SBA-guaranteed amount
- $1,395,000 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 17, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $18,567 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 3, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 441210, Recreational Vehicle Dealers
- Project location
- Davis County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 55% of acquisition loans in Recreational Vehicle Dealers on this site.
- Average acquisition loan in Recreational Vehicle Dealers: $1,898,227.
- 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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