Abalonia OGT LLC
Abalonia OGT LLC is located in Ogunquit, ME, and the SBA lists its industry as Bed-and-Breakfast Inns. It was approved for an SBA 504 loan ($2,869,000 SBA portion) on August 27, 2024 to finance real estate or equipment.
SBA 504 loan, approved Aug 27, 2024
- SBA (CDC) portion
- $2,869,000
- Bank portion
- $4,000,000
- Estimated project size
- $7,632,222 (estimated)
- Estimated owner equity
- $763,222 (estimated, about 10% of the project)
- Bank lender
- Kennebunk Savings Bank, Kennebunk, ME
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 27, 2049 (estimated, approval date plus term)
- First disbursement
- Feb 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 721191, Bed-and-Breakfast Inns
- Project location
- York County, ME
- SBA district office
- Maine District Office
- Congressional district
- ME-1
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 94% of expansion loans in Bed-and-Breakfast Inns on this site.
- Average expansion loan in Bed-and-Breakfast Inns: $1,456,765.
- Average expansion loan in Maine: $2,027,182.
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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