Main Street Registry

Billings Hotel and Convention Center

Billings, MT · Hotels (except Casino Hotels) and Motels · NAICS 721110

Billings Hotel and Convention Center is a hotel business in Billings, Montana, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). The company financed real estate or equipment through an SBA 504 loan of $2,002,000, approved on April 26, 2024, through The Yellowstone Bank with Capital Matrix, Inc. as the certified development company.

SBA 504 loan, approved Apr 26, 2024

$2,002,000 SBA portionCDC: Capital Matrix, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,002,000
Bank portion
$2,799,209
Estimated project size
$5,334,677 (estimated)
Estimated owner equity
$533,468 (estimated, about 10% of the project)
Bank lender
The Yellowstone Bank, Laurel, MT
CDC
Capital Matrix, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 26, 2049 (estimated, approval date plus term)
First disbursement
Sep 16, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Yellowstone County, MT
SBA district office
Montana District Office
Congressional district
MT-0
Collateral
Yes

Estimated share of project by source

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

  • Larger than 33% 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 Montana: $1,629,190.

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 Montana