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Rm Chris Sheet Metal, Inc.

West Jordan, UT · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Rm Chris Sheet Metal, Inc. in West Jordan, UT, operates in plumbing, heating, and air-conditioning contracting (NAICS 238220). The company financed real estate or equipment through an SBA 504 loan of $1,661,000, approved on October 30, 2024, with a total project amount of $2,020,000, a 300-month term, and Mountain America FCU as the lender. The loan is reported with 20 jobs and a status of EXEMPT.

SBA 504 loan, approved Oct 30, 2024

$1,661,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,661,000
Bank portion
$2,020,000
Estimated project size
$4,090,000 (estimated)
Estimated owner equity
$409,000 (estimated, about 10% of the project)
Bank lender
Mountain America FCU, Sandy, UT
CDC
Mountain West Small Business Finance
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 30, 2049 (estimated, approval date plus term)
First disbursement
Jan 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Salt Lake County, UT
SBA district office
Utah District Office
Congressional district
UT-4
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 40% of expansion loans in Plumbing, Heating, and Air-Conditioning Contractors on this site.
  • Average expansion loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,998,914.
  • 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