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Fairfield Inn & Suites Lake Geneva

Lake Geneva, WI · Hotels (except Casino Hotels) and Motels · NAICS 721110

Fairfield Inn & Suites Lake Geneva is a hotel business in Lake Geneva, Wisconsin, in the Hotels (except Casino Hotels) and Motels industry. The business financed real estate or equipment through an SBA 504 loan of $3,716,000 approved on June 7, 2024, with Business Loan Capital, Inc. as the lender and WBD, Inc. as the certified development company.

SBA 504 loan, approved Jun 7, 2024

$3,716,000 SBA portionCDC: WBD, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,716,000
Bank portion
$6,058,000
Estimated project size
$10,860,000 (estimated)
Estimated owner equity
$1,086,000 (estimated, about 10% of the project)
Bank lender
Business Loan Capital, Inc., Irvine, CA
CDC
WBD, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
June 7, 2049 (estimated, approval date plus term)
First disbursement
Aug 14, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Walworth County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-1
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 73% 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 Wisconsin: $2,095,135.

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 Wisconsin