Main Street Registry

BHP Ventures, LLC

Spirit Lake, IA · Hotels (except Casino Hotels) and Motels · NAICS 721110

BHP Ventures, LLC is located in Spirit Lake, IA, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($1,148,000 SBA portion) on August 9, 2024 to finance real estate or equipment.

SBA 504 loan, approved Aug 9, 2024

SBA (CDC) portion
$1,148,000
Bank portion
$1,600,000
Estimated project size
$3,053,333 (estimated)
Estimated owner equity
$305,333 (estimated, about 10% of the project)
Bank lender
First Bank of the Lake, Osage Beach, MO
CDC
Iowa Business Growth Company
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 9, 2049 (estimated, approval date plus term)
First disbursement
Aug 13, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Ramada / Ramada by Wyndham / Ramada Plaza / Ramada Plaza by Wyndham
Project location
Dickinson County, IA
SBA district office
Des Moines District Office
Congressional district
IA-4
Collateral
Yes

Estimated share of project by source

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

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 Iowa