Salt Lake Express
Salt Lake Express is located in Saint George, UT, and the SBA lists its industry as Charter Bus Industry. It was approved for an SBA 504 loan ($1,523,000 SBA portion) on May 16, 2024 to finance real estate or equipment.
SBA 504 loan, approved May 16, 2024
- SBA (CDC) portion
- $1,523,000
- Bank portion
- $1,878,870
- Estimated project size
- $3,779,856 (estimated)
- Estimated owner equity
- $377,986 (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
- May 16, 2049 (estimated, approval date plus term)
- First disbursement
- Nov 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 485510, Charter Bus Industry
- Project location
- Washington County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-2
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% 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, Salt Lake City