Comfort Suites Savannah North
Comfort Suites Savannah North is a hotel business in Port Wentworth, Georgia, classified under the NAICS industry for hotels (except casino hotels) and motels. The company financed real estate or equipment through an SBA 504 loan of $2,574,000, approved on September 11, 2025, through Central Bank with Florida Business Development Corporation as the certified development company.
SBA 504 loan, approved Sep 11, 2025
$2,574,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,574,000
- Bank portion
- $4,204,500
- Estimated project size
- $7,531,667 (estimated)
- Estimated owner equity
- $753,167 (estimated, about 10% of the project)
- Bank lender
- Central Bank, Tampa, FL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 11, 2050 (estimated, approval date plus term)
- First disbursement
- Dec 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Franchise
- Comfort Inn, Comfort Inn & Suites & Comfort Suites
- Project location
- Chatham County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-1
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Larger than 51% 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 Georgia: $2,201,121.
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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