Main Street Registry

Elite Medical Center Hotel LLC

Houston, TX · Hotels (except Casino Hotels) and Motels · NAICS 721110

Elite Medical Center Hotel LLC is a hotel and motel business in Houston, Texas, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). The company financed real estate or equipment through an SBA 504 loan with a $5,497,000 SBA portion, approved on March 4, 2025, through lender Poppy Bank and certified development company JEDCO Development Corporation.

SBA 504 loan, approved Mar 4, 2025

$5,497,000 SBA portionCDC: JEDCO Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$5,497,000
Bank portion
$9,794,500
Estimated project size
$16,990,556 (estimated)
Estimated owner equity
$1,699,056 (estimated, about 10% of the project)
Bank lender
Poppy Bank, Santa Rosa, CA
CDC
JEDCO Development Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
March 4, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-9
Collateral
Yes

Estimated share of project by source

Bank 58% SBA (CDC) 32% Owner 10%

  • Larger than 97% 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 Texas: $2,316,979.

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 Texas