Main Street Registry

Best Western Goodyear Inn

Goodyear, AZ · Hotels (except Casino Hotels) and Motels · NAICS 721110

Best Western Goodyear Inn is a hotel business located in Goodyear, Arizona, in the hotels (except casino hotels) and motels industry. The business financed real estate or equipment through an SBA 504 loan of $3,403,000, approved on July 30, 2024, with East West Bank as the bank partner and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Jul 30, 2024

$3,403,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,403,000
Bank portion
$4,750,000
Estimated project size
$9,058,889 (estimated)
Estimated owner equity
$905,889 (estimated, about 10% of the project)
Bank lender
East West Bank, Pasadena, CA
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 30, 2049 (estimated, approval date plus term)
First disbursement
Oct 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-3
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 67% 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 Arizona: $2,074,452.

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 Arizona