Worldwide Medical System Company
Worldwide Medical System Company, located in Huntsville, Utah, operates in the other electronic parts and equipment merchant wholesalers industry (NAICS 423690). The company financed real estate or equipment through an SBA 504 loan of $1,117,000, approved on May 10, 2024, with Rockland Trust Company as the lending bank and Mountain West Small Business Finance as the certified development company.
SBA 504 loan, approved May 10, 2024
$1,117,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,117,000
- Bank portion
- $1,380,500
- Estimated project size
- $2,775,000 (estimated)
- Estimated owner equity
- $277,500 (estimated, about 10% of the project)
- Bank lender
- Rockland Trust Company, Rockland, MA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- May 10, 2049 (estimated, approval date plus term)
- First disbursement
- Nov 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 423690, Other Electronic Parts and Equipment Merchant Wholesalers
- Project location
- Weber County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-1
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Other Electronic Parts and Equipment Merchant Wholesalers: $2,204,600.
- 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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