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AARNA Investment, LLC

Lawrence, KS · Hotels (except Casino Hotels) and Motels · NAICS 721110

AARNA Investment, LLC is a hotel operator in Lawrence, Kansas, in the Hotels (except Casino Hotels) and Motels industry (NAICS 721110). The company financed real estate or equipment through an SBA 504 loan of $1,577,000, with Landmark National Bank as the lender and Wakarusa Valley Development, Inc. as the certified development company, with approval on May 31, 2024.

SBA 504 loan, approved May 31, 2024

$1,577,000 SBA portionCDC: Wakarusa Valley Development, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,577,000
Bank portion
$2,558,350
Estimated project size
$4,594,833 (estimated)
Estimated owner equity
$459,483 (estimated, about 10% of the project)
Bank lender
Landmark National Bank, Manhattan, KS
CDC
Wakarusa Valley Development, Inc.
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
May 31, 2049 (estimated, approval date plus term)
First disbursement
Nov 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Douglas County, KS
SBA district office
Kansas City District Office
Congressional district
KS-2
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 22% 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 Kansas: $2,080,367.

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 Kansas