Main Street Registry

Chetola Bedrock, LLC

Blowing Rock, NC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Chetola Bedrock, LLC is a hotel, motel or similar lodging business in Blowing Rock, North Carolina, classified under NAICS code 721110 (Hotels, except Casino Hotels and Motels). The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $3,166,000, approved on May 20, 2024, through lender Business Loan Capital Inc and certified development company Business Expansion Funding Corporation.

SBA 504 loan, approved May 20, 2024

$3,166,000 SBA portionCDC: Business Expansion Funding Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,166,000
Bank portion
$5,156,000
Estimated project size
$9,246,667 (estimated)
Estimated owner equity
$924,667 (estimated, about 10% of the project)
Bank lender
Business Loan Capital Inc, Irvine, CA
CDC
Business Expansion Funding Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 20, 2049 (estimated, approval date plus term)
First disbursement
Nov 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Watauga County, NC
SBA district office
North Carolina District Office
Congressional district
NC-5
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 62% 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 North Carolina: $2,167,577.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in North Carolina