SBA lending record

LOVERIDGE MACHINE & TOOL, INC.

4097 S West Temple, Millcreek, UT 84107 · Machine Shops. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$5.0M

Total SBA financing

Loans on record

FY2022

On record

100

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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All 2 loans

$3,018,000 — FY2022

Loan 1 of 2

Gross approval: $3,018,000
SBA guaranteed: $2,263,500 (75%)
Status: In liquidation
Rate at approval: 6.75% v
Term: 318 mo (27 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 7/12/2022
First disbursement: 7/15/2022
Days to fund: 3 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 50
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Machine Shops
NAICS code: 332710
Lender: First Utah Bank
Address: 4097 S West Temple
City: Millcreek, 84107
County: Salt Lake
SBA district office: UTAH DISTRICT OFFICE
Congressional district: 4

$2,030,000 — FY2022

Loan 2 of 2

Gross approval: $2,030,000
SBA guaranteed: $1,522,500 (75%)
Status: In liquidation
Rate at approval: 6% v
Term: 180 mo (15 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 11/12/2021
First disbursement: 11/15/2021
Days to fund: 3 days
Collateral: None
Sold on secondary market: Yes
Jobs supported: 50
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Machine Shops
NAICS code: 332710
Lender: First Utah Bank
Address: 4097 South West Temple
City: Murray, 84107
County: Salt Lake
SBA district office: UTAH DISTRICT OFFICE
Congressional district: 4

The lender

First Utah Bank

2 loans to this businessFull SBA lending record + branches on the lender page →

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The banks most active funding machine shops — by location, industry.

SBA lenders in Utah Lenders for machine shops Machine Shops lenders in Utah

Similar businesses

Comparable machine shops in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

BIMCO, INC.

Salt Lake City, UT· ~5 mi

Machine Shops

$2.9M
SBA financing: ≈ $5.6M–$9.4M
Est. revenue (rough)

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Clean Machine, LLC

West Jordan, UT· ~11 mi

Machine Shops

$3.6M
SBA financing: ≈ $7.1M–$12M
Est. revenue (rough)

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Flat Gasket and Seal, L.L.C.

Salt Lake City, UT· ~4 mi

Machine Shops

$150K
SBA financing: ≈ $294K–$490K
Est. revenue (rough)

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SUMMIT PEAK MANUFACTURING INC.

Murray, UT· ~3 mi

Machine Shops

$500K
SBA financing: ≈ $980K–$1.6M
Est. revenue (rough)

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MILL PRO MANUFACTURING LLC

Bluffdale, UT· ~14 mi

Machine Shops

$30K
SBA financing: ≈ $59K–$98K
Est. revenue (rough)

View record

Schott Manufacturing Solutions LLC

Frederick, CO· ~366 mi

Machine Shops

$4.2M
SBA financing: ≈ $8.3M–$14M
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for LOVERIDGE MACHINE & TOOL, INC. in Millcreek, UT (Machine Shops). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

2 SBA 7(a) loans totaling $5.0M
On record FY2022
100 jobs supported
Industry: Machine Shops
Location: Millcreek, UT
Lender: First Utah Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Machine Shops businesses in UT for ~$2.5M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-19.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/loveridge-machine-tool-inc-ut
API:: https://www.capbench.com/api/public/businesses/loveridge-machine-tool-inc-ut
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with LOVERIDGE MACHINE & TOOL, INC..