Main Street Registry

Hampton Inn & Suites Kalamazoo-Oshtemo

Kalamazoo, MI · Hotels (except Casino Hotels) and Motels · NAICS 721110

Hampton Inn & Suites Kalamazoo-Oshtemo is a hotel business in Kalamazoo, Michigan, in the hotels and motels industry, and it operates as a Hampton Inn & Suites by Hilton franchise. The business was approved for an SBA 504 loan of $2,472,000 from Michigan Certified Development Corporation, with Omni Community Credit Union as the partner lender, and the approval date was July 9, 2024.

SBA 504 loan, approved Jul 9, 2024

$2,472,000 SBA portionCDC: Michigan Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,472,000
Bank portion
$3,450,000
Estimated project size
$6,580,000 (estimated)
Estimated owner equity
$658,000 (estimated, about 10% of the project)
Bank lender
Omni Community Credit Union, Battle Creek, MI
CDC
Michigan Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 9, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Hampton Inn & Suites by Hilton
Project location
Kalamazoo County, MI
SBA district office
Michigan District Office
Congressional district
MI-6
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 48% 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 Michigan: $2,050,489.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Michigan