Main Street Registry

Elite Hotel Ventures LLC

Gallup, NM · Hotels (except Casino Hotels) and Motels · NAICS 721110

Elite Hotel Ventures LLC is a hotel and motel business in Gallup, New Mexico, in the Hotels (except Casino Hotels) and Motels industry. The company financed real estate or equipment through an SBA 504 loan of $1,872,000, approved on December 8, 2025, with Celtic Bank Corporation as the lender and B:Side Capital as the certified development company. The loan is associated with a Best Western franchise and is reported with 7 jobs.

SBA 504 loan, approved Dec 8, 2025

$1,872,000 SBA portionCDC: B:Side Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,872,000
Bank portion
$2,970,500
Estimated project size
$5,380,556 (estimated)
Estimated owner equity
$538,056 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
B:Side Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 8, 2050 (estimated, approval date plus term)
First disbursement
Apr 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Best Western - Best Western Plus - Best Western Premier- Executive Residency by Best Western- @Home by Best Western - GLo - Aiden - Membership Agreement
Project location
Mckinley County, NM
SBA district office
New Mexico District Office
Congressional district
NM-3
Collateral
Yes

Estimated share of project by source

Bank 55% SBA (CDC) 35% Owner 10%

  • Larger than 29% 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 New Mexico: $2,251,714.

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 New Mexico