Divine Light Real Estate Inc
Divine Light Real Estate Inc, located in New Kensington, PA, operates in the hotels (except casino hotels) and motels industry. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,204,000, approved on April 28, 2025, through Enterprise Bank and the Regional Development Funding Corporation. The loan is associated with the Quality Inn and Quality Inn & Suites franchise brands.
SBA 504 loan, approved Apr 28, 2025
$1,204,000 SBA portionCDC: Regional Development Funding Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,204,000
- Bank portion
- $1,460,000
- Estimated project size
- $2,960,000 (estimated)
- Estimated owner equity
- $296,000 (estimated, about 10% of the project)
- Bank lender
- Enterprise Bank, Allison Park, PA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- April 28, 2050 (estimated, approval date plus term)
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Franchise
- Quality Inn, Quality Inn & Suites,
- Project location
- Westmoreland County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-14
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 8% 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 Pennsylvania: $2,212,724.
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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