VGCN Holdings LLC
VGCN Holdings LLC is a payroll services business in Spanish Fork, Utah, classified under NAICS code 541214. The company financed real estate or equipment through an SBA 504 loan of $1,658,000, approved on January 22, 2025, with Zions Bancorporation, National Association as the bank lender and Intermountain Business Lending, Inc. as the certified development company.
SBA 504 loan, approved Jan 22, 2025
$1,658,000 SBA portionCDC: Intermountain Business Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,658,000
- Bank portion
- $2,020,000
- Estimated project size
- $4,086,667 (estimated)
- Estimated owner equity
- $408,667 (estimated, about 10% of the project)
- Bank lender
- Zions Bancorporation, National Association, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 22, 2050 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 541214, Payroll Services
- Project location
- Utah County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Payroll Services: $1,658,000.
- 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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