Spilt Ink SLC LLC
Spilt Ink SLC LLC is located in Salt Lake City, UT, and the SBA lists its industry as Commercial Screen Printing. It was approved for an SBA 7(a) loan of $859,000 for a change of ownership on December 18, 2024.
SBA 7(a) loan, change of ownership, approved Dec 18, 2024
- Gross approval
- $859,000
- SBA-guaranteed amount
- $644,250 (75% of the approval)
- Lender
- First Utah Bank, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 18, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,998 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 20, 2024
- Loan status
- Paid in full
- Jobs supported
- 110
- Business type
- Corporation
- NAICS
- 323113, Commercial Screen Printing
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 36% of acquisition loans in Commercial Screen Printing on this site.
- Average acquisition loan in Commercial Screen Printing: $1,602,852.
- Average acquisition loan in Utah: $1,761,092.
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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