Main Street Registry

Days Inn of Riverside / Tyler Mall

Riverside, CA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Days Inn of Riverside / Tyler Mall is a hotel and motel business in Riverside, CA, classified under NAICS 721110 for hotels (except casino hotels) and motels. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,363,000, approved on December 1, 2023, with Royal Business Bank as the lender and California Statewide Certified Development Corporation as the CDC.

SBA 504 loan, approved Dec 1, 2023

$2,363,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,363,000
Bank portion
$2,300,000
Estimated project size
$5,181,111 (estimated)
Estimated owner equity
$518,111 (estimated, about 10% of the project)
Bank lender
Royal Business Bank, Los Angeles, CA
CDC
California Statewide Certified Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
December 1, 2048 (estimated, approval date plus term)
First disbursement
Jun 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Riverside County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-41
Collateral
Yes

Estimated share of project by source

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

  • Larger than 45% 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 California: $2,161,468.

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 California