Salt Lake Express
Salt Lake Express is located in Salt Lake City, UT, and the SBA lists its industry as Charter Bus Industry. It was approved for an SBA 504 loan ($1,214,000 SBA portion) on December 11, 2024 to finance real estate or equipment.
SBA 504 loan, approved Dec 11, 2024
- SBA (CDC) portion
- $1,214,000
- Bank portion
- $1,475,000
- Estimated project size
- $2,987,778 (estimated)
- Estimated owner equity
- $298,778 (estimated, about 10% of the project)
- Bank lender
- Eastern Utah Community FCU, Price, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 11, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 485510, Charter Bus Industry
- 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 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Charter Bus Industry: $1,769,571.
- 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
- Salt Lake Express, Saint George