Elderberry House Hospitality LLC
Elderberry House Hospitality LLC is a bed-and-breakfast inn business located in Oakhurst, California, classified under the NAICS industry Bed-and-Breakfast Inns. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,735,000, approved with Celtic Bank Corporation as the lender and The Mortgage Capital Development Corporation as the certified development company, with approval dated December 11, 2024.
SBA 504 loan, approved Dec 11, 2024
$1,735,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,735,000
- Bank portion
- $2,661,000
- Estimated project size
- $4,884,444 (estimated)
- Estimated owner equity
- $488,444 (estimated, about 10% of the project)
- Bank lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 11, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 41
- Business type
- Corporation
- NAICS
- 721191, Bed-and-Breakfast Inns
- Project location
- Madera County, CA
- SBA district office
- Fresno District Office
- Congressional district
- CA-4
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Larger than 82% of expansion loans in Bed-and-Breakfast Inns on this site.
- Average expansion loan in Bed-and-Breakfast Inns: $1,456,765.
- 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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