741 Ocean Blvd., LLC
741 Ocean Blvd., LLC is located in Rye, NH, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($1,667,000 SBA portion) on June 30, 2025 to finance real estate or equipment.
SBA 504 loan, approved Jun 30, 2025
- SBA (CDC) portion
- $1,667,000
- Bank portion
- $2,325,000
- Estimated project size
- $4,435,556 (estimated)
- Estimated owner equity
- $443,556 (estimated, about 10% of the project)
- Bank lender
- Needham Bank, Needham, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 30, 2050 (estimated, approval date plus term)
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Project location
- Rockingham County, NH
- SBA district office
- New Hampshire District Office
- Congressional district
- NH-1
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 24% 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 New Hampshire: $1,898,259.
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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Same industry in New Hampshire
- Scenic Inn, Conway
- J Tai LLC, Lebanon
- The Inn Downtown, Portsmouth
- New England Hospitality, LLC, Dover
- TownPlace Suites, Manchester