Main Street Registry

Heritage Inn Houston LLC

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

Heritage Inn Houston LLC is a hotel and motel business in The Woodlands, Texas, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). The business financed real estate or equipment through an SBA 504 loan of $4,072,000 from The Mortgage Capital Development Corporation, with Plains State Bank as the lending partner, approved on December 6, 2024.

SBA 504 loan, approved Dec 6, 2024

$4,072,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$4,072,000
Bank portion
$5,685,750
Estimated project size
$10,841,944 (estimated)
Estimated owner equity
$1,084,194 (estimated, about 10% of the project)
Bank lender
Plains State Bank, Humble, TX
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 6, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
22
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Montgomery County, TX
SBA district office
Houston District Office
Congressional district
TX-8
Collateral
Yes

Estimated share of project by source

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

  • Larger than 77% 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