Turf Equipment and Irrigation, Inc.
Turf Equipment and Irrigation, Inc. is a farm and garden machinery and equipment merchant wholesaler located in Salt Lake City, Utah. The company financed real estate or equipment through an SBA 504 loan of $3,187,000 approved on November 22, 2024, with Wells Find Bank, N.A. as the lending bank and Mountain West Small Business Finance as the certified development company.
SBA 504 loan, approved Nov 22, 2024
$3,187,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $3,187,000
- Bank portion
- $3,800,000
- Estimated project size
- $7,763,333 (estimated)
- Estimated owner equity
- $776,333 (estimated, about 10% of the project)
- Bank lender
- Wells Fargo Bank, N.a., Minneapolis, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 22, 2049 (estimated, approval date plus term)
- First disbursement
- Sep 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 423820, Farm and Garden Machinery and Equipment Merchant Wholesalers
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Farm and Garden Machinery and Equipment Merchant Wholesalers: $2,705,000.
- 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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