Main Street Registry

Rock Springs My Place LLC

Bountiful, UT · Hotels (except Casino Hotels) and Motels · NAICS 721110

Rock Springs My Place LLC is a hotel and motel business located in Bountiful, Utah, classified under NAICS code 721110 for hotels (except casino hotels) and motels. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,568,000, approved on January 14, 2025, with Bank of Utah as the lending bank and Mountain West Small Business Finance as the certified development company.

SBA 504 loan, approved Jan 14, 2025

$1,568,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,568,000
Bank portion
$2,294,655
Estimated project size
$4,291,839 (estimated)
Estimated owner equity
$429,184 (estimated, about 10% of the project)
Bank lender
Bank of Utah, Ogden, 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
January 14, 2050 (estimated, approval date plus term)
First disbursement
Jun 11, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
My Place Hotels
Project location
Sweetwater County, WY
SBA district office
Wyoming District Office
Congressional district
WY-0
Collateral
Yes

Estimated share of project by source

Bank 53% SBA (CDC) 37% Owner 10%

  • Larger than 22% of expansion loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average expansion loan in Hotels (except Casino Hotels) and Motels: $2,843,226.
  • 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