Main Street Registry

Candlewood Suites Miami Lakes

Miami Lakes, FL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Candlewood Suites Miami Lakes is a hotel business in Miami Lakes, Florida, classified under NAICS 721110 for hotels except casino hotels and motels. The company financed real estate or equipment through an SBA 504 loan of $4,520,000, approved on June 25, 2025, with Celtic Bank Corporation as the lender and Florida Business Development Corporation as the certified development company.

SBA 504 loan, approved Jun 25, 2025

$4,520,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$4,520,000
Bank portion
$6,316,000
Estimated project size
$12,040,000 (estimated)
Estimated owner equity
$1,204,000 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
June 25, 2050 (estimated, approval date plus term)
First disbursement
Jan 14, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Candlewood Suites
Project location
Miami-Dade County, FL
SBA district office
South Florida District Office
Congressional district
FL-25
Collateral
Yes

Estimated share of project by source

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

  • Larger than 83% 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 Florida: $2,058,496.

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 Florida