Ray Bethers Trucking, Inc
Ray Bethers Trucking, Inc is a long-distance specialized freight trucking business located in Sandy, Utah. It was financed with an SBA 7(a) loan for a change of ownership, in the amount of $820,000, approved on May 30, 2025 by Zions Bancorporation, National Association.
SBA 7(a) loan, change of ownership, approved May 30, 2025
$820,000 approvedLender: Zions Bancorporation, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $820,000
- SBA-guaranteed amount
- $615,000 (75% of the approval)
- Lender
- Zions Bancorporation, National Association, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.85%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 30, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $9,884 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 484230, Specialized Freight (except Used Goods) Trucking, Long-Distance
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Specialized Freight (except Used Goods) Trucking, Long-Distance: $2,804,143.
- 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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