Main Street Registry

Hari Hospitality Inc

West Yarmouth, MA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Hari Hospitality Inc is a hotel, motel or similar lodging business located in West Yarmouth, Massachusetts, classified under NAICS code 721110 (Hotels, except casino hotels, and motels). The company financed real estate or equipment through an SBA 504 loan of $2,312,000, with Bluestone Bank as the lender and Granite State Economic Development Corporation as the certified development company, approved on September 30, 2024.

SBA 504 loan, approved Sep 30, 2024

$2,312,000 SBA portionCDC: Granite State Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,312,000
Bank portion
$4,037,000
Estimated project size
$7,054,444 (estimated)
Estimated owner equity
$705,444 (estimated, about 10% of the project)
Bank lender
Bluestone Bank, Raynham, MA
CDC
Granite State Economic Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
September 30, 2049 (estimated, approval date plus term)
First disbursement
Aug 12, 2026
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Barnstable County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-9
Collateral
Yes

Estimated share of project by source

Bank 57% SBA (CDC) 33% Owner 10%

  • Larger than 42% 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 Massachusetts: $2,009,683.

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 Massachusetts