Saltair Real Estate Holdings LLC
Saltair Real Estate Holdings LLC is a business in South Jordan, Utah, in the clothing and clothing accessories retail industry (NAICS 458110). It financed real estate or equipment through an SBA 504 loan with a SBA portion of $1,628,000, approved on November 27, 2024, with UMB Bank, National Association as the lender and Mountain West Small Business Finance as the certified development company.
SBA 504 loan, approved Nov 27, 2024
$1,628,000 SBA portionCDC: Mountain West Small Business Finance25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,628,000
- Bank portion
- $1,987,460
- Estimated project size
- $4,017,178 (estimated)
- Estimated owner equity
- $401,718 (estimated, about 10% of the project)
- Bank lender
- UMB Bank, National Association, Kansas City, MO
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 27, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 458110, Clothing and Clothing Accessories Retailers
- 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 39% of expansion loans in Clothing and Clothing Accessories Retailers on this site.
- Average expansion loan in Clothing and Clothing Accessories Retailers: $1,913,179.
- 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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