Utah Foam Products Co. Inc.
Utah Foam Products Co. Inc., located in Nephi, Utah, operates in the all other miscellaneous chemical product and preparation manufacturing industry (NAICS 325998). The company financed real estate or equipment through an SBA 504 loan of $1,665,000 approved on November 18, 2023, with Cache Valley Bank as the lender and Mountain West Small Business Finance as the certified development company.
SBA 504 loan, approved Nov 18, 2023
$1,665,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,665,000
- Bank portion
- $2,520,000
- Estimated project size
- $4,650,000 (estimated)
- Estimated owner equity
- $465,000 (estimated, about 10% of the project)
- Bank lender
- Cache Valley Bank, Logan, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 18, 2048 (estimated, approval date plus term)
- First disbursement
- Jan 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 325998, All Other Miscellaneous Chemical Product and Preparation Manufacturing
- Project location
- Juab County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-4
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Average expansion loan in All Other Miscellaneous Chemical Product and Preparation Manufacturing: $2,810,400.
- 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.
Is this your company? Claim or correct this listing. See Corrections.