Main Street Registry

BJ & Y Lodging, Inc.

Trinidad, CO · Hotels (except Casino Hotels) and Motels · NAICS 721110

BJ & Y Lodging, Inc. is a hotel and motel business in Trinidad, Colorado, in the Hotels (except Casino Hotels) and Motels industry. The company financed real estate or equipment through an SBA 504 loan with a $2,249,000 SBA portion, approved on January 22, 2024, through the Community Economic Development Company of Colorado with Commercial Bank of California as the partner bank.

SBA 504 loan, approved Jan 22, 2024

$2,249,000 SBA portionCDC: Community Economic Development Company of Colorado25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,249,000
Bank portion
$2,198,225
Estimated project size
$4,941,361 (estimated)
Estimated owner equity
$494,136 (estimated, about 10% of the project)
Bank lender
Commercial Bank of California, Irvine, CA
CDC
Community Economic Development Company of Colorado
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
January 22, 2049 (estimated, approval date plus term)
First disbursement
Apr 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Las Animas County, CO
SBA district office
Colorado District Office
Congressional district
CO-3
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 40% 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 Colorado: $2,096,252.

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 Colorado