TIPS Properties of Utah, LLC
TIPS Properties of Utah, LLC, located in Morgan, Utah, is classified under the industry Other Concrete Product Manufacturing (NAICS 327390). The business financed real estate or equipment through an SBA 504 loan of $5,489,000, approved on February 15, 2024, with America First Federal Credit Union as the bank partner and Intermountain Business Lending, Inc. as the certified development company.
SBA 504 loan, approved Feb 15, 2024
$5,489,000 SBA portionCDC: Intermountain Business Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $5,489,000
- Bank portion
- $7,423,000
- Estimated project size
- $14,346,667 (estimated)
- Estimated owner equity
- $1,434,667 (estimated, about 10% of the project)
- Bank lender
- America First Federal Credit Union, Riverdale, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 15, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 76
- Business type
- Corporation
- NAICS
- 327390, Other Concrete Product Manufacturing
- Project location
- Morgan County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-1
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in Other Concrete Product Manufacturing: $2,824,250.
- 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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