3820 Orange Pl LLC
3820 Orange Pl LLC is located in Beachwood, OH, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($3,133,000 SBA portion) on February 15, 2024 to finance real estate or equipment.
SBA 504 loan, approved Feb 15, 2024
- SBA (CDC) portion
- $3,133,000
- Bank portion
- $4,550,600
- Estimated project size
- $8,537,333 (estimated)
- Estimated owner equity
- $853,733 (estimated, about 10% of the project)
- Bank lender
- State Bank of Texas, Irving, TX
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 15, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Franchise
- Candlewood Suites
- Project location
- Cuyahoga County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-11
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 61% of expansion loans in Hotels (except Casino Hotels) and Motels on this site.
- Average expansion loan in Hotels (except Casino Hotels) and Motels: $2,843,226.
- Average expansion loan in Ohio: $2,096,556.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Ohio
- Best Western, Fairborn
- 116 Park Avenue West, LLC, Mansfield
- Five Vibe Hospitality LLC, Columbus
- Five Guys Hospitality LLC, Independence
- Omkara Hospitality, LTD., Akron
- Nimit Hospitality, LLC, Columbus
- Devaki LLC, Napoleon
- Sleep Inn & Suites Belmont, Belmont