Archive for the ‘News’ Category

New Business in Ft. Pierce Industrial Park

Brandon Vandermyde of NAI Utah South represented Flog Industries in the lease of their new place in Ft. Pierce Industrial Park.
Flog industries manufactures custom jeep bumpers that can be purchased directly through them, as well as at a growing amount of dealerships. Their bumpers can house and protect wenches, aftermarket lights, and provide the jeeps with a custom and sleek look. Visit their website for more details: flogindustries.com

New Training Center Opens

Dixie Applied Technology College inaugurated its 11,000 s.f. Emergecny Response Training Center. Police, fire, and other emergency response personnel can receive training on lifesaving techniques. DXATC plans to move its campus to the old St. George Airport site

If you have any commercial real estate needs in St. George, Ut contact brandonv@naiutahsouth.com or call 435-627-5707

New Plasma Services Center Opens

Biolife Plasma Services opened a second St. George location on Dixie Drive, behind the Albertsons Shopping Center. The new center boasts more room than the older center as well as four more beds.

New Business at Ft. Pierce Industrial Park

Industrial Brush Corporation, a designer and manufacturer of brushes used for food processing applications, opened its doors in Fort Pierce Industrial Park in August.

Expansion of the Fort Pierce Industrial Park has been approved by the city council. The 93-acre expansion of the park will make room for a “Business Park” That could accommodate light industrial and office spaces.

…Is it for you?

Although the Small Business Administration (SBA) has been around for years, there are still several small business owners that don’t know it exists, and if they do know it exists, they are not very familiar with it.

The SBA loans can be used to purchase equipment, commercial real estate, and other items pertinent to your business. You can also obtain a loan for as little as 10% down. Here are a few key points to outline SBA loans. If you are interested in learning more, contact Brandon Vandermyde who is a Commercial Real Estate Expert in St. George, UT.

Tips

Here are a few quick points to help you understand the SBA loans a little better:

The SBA doesn’t’ make loans directly to the small business, it actually makes the loan to its partners (usually banks and credit unions) who will loan the money to the end user (the person/business) obtaining the loan. The SBA guarantees that these loans will be repaid, so it limits some of the risk to the banks/credit unions.

-The loans can take 30-60 days longer to obtain, depending on how complex the loan is.

-There isn’t much more paperwork in order to get the loan, as it is underwritten with the bank/credit union providing the other part of the loan.

-The SBA can usually approve the loan within 36 hours of the bank/credit union approving the loan

The rates are extremely competitive with other loans, but one of the main advantages is that in most cases, you are only required to put 10% down instead of the 20-40% required from a lot of institutions.

Contact Us

Contact Brandon Vandermyde with NAI Utah Southern for more information on the best SBA resources in St. George and Southern Utah.