Soelbergs Market
Soelbergs Market is a supermarket and grocery retailer in Grantsville, Utah, in the industry Supermarkets and Other Grocery Retailers (except Convenience Retailers). The business was approved for an SBA 504 loan, which financed real estate or equipment through an SBA 504 loan, with an SBA portion of $5,000,000 and a related bank portion of $11,032,941 from Glacier Bank, with approval dated May 8, 2026.
SBA 504 loan, approved May 8, 2026
$5,000,000 SBA portionCDC: Mountain West Small Business Finance25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $5,000,000
- Bank portion
- $11,032,941
- Estimated project size
- $17,814,379 (estimated)
- Estimated owner equity
- $1,781,438 (estimated, about 10% of the project)
- Bank lender
- Glacier Bank, Kalispell, MT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 8, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Franchise
- Ace Hardware
- Project location
- Tooele County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-1
- Collateral
- Yes
Estimated share of project by source
Bank 62% SBA (CDC) 28% Owner 10%
- Larger than 87% of expansion loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
- Average expansion loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $2,388,397.
- 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
- OM Legacy, Inc., Sandy