Main Street Registry

Hampton Inn & Suites by Hilton Birmingham East Irondale

Birmingham, AL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Hampton Inn & Suites by Hilton Birmingham East Irondale is a hotel in Birmingham, Alabama, in the Hotels (except Casino Hotels) and Motels industry. The business was financed with an SBA 504 loan, which financed real estate or equipment through an SBA 504 loan of $3,442,000 with a 300-month term, approved on December 26, 2023, through Newtek Bank, National Association and Florida Business Development Corporation.

SBA 504 loan, approved Dec 26, 2023

$3,442,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,442,000
Bank portion
$6,096,500
Estimated project size
$10,598,333 (estimated)
Estimated owner equity
$1,059,833 (estimated, about 10% of the project)
Bank lender
Newtek Bank, National Association, Miami, FL
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 26, 2048 (estimated, approval date plus term)
First disbursement
Apr 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Jefferson County, AL
SBA district office
Alabama District Office
Congressional district
AL-6
Collateral
Yes

Estimated share of project by source

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

  • Larger than 68% 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 Alabama: $2,182,891.

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 Alabama