Location: Midvale, UT

Loan Amount: $1,170,000

Interest Rate: Prime + 1.75%

Term/Amortization: 25/25

Loan to Value: 90%

Purpose:   The SBA 7a loan was for one of the nation’s largest indoor paintball facility, located in Midvale, UT. The new loan, secured by a 24,000 SF commercial property, was used to refinance the existing private debt; buyout a previous business partner; and payoff existing equipment leases.