Holiday Inn Express & Suites - Bellevue
Holiday Inn Express & Suites - Bellevue is a hotel business in Bellevue, Nebraska, classified under NAICS 721110 for hotels (except casino hotels) and motels. The business financed real estate or equipment through an SBA 504 loan with a SBA portion of $2.33 million, approved on February 23, 2024, through First-Citizens Bank & Trust Company with Nebraska Economic Development Corporation as the certified development company.
SBA 504 loan, approved Feb 23, 2024
$2,330,000 SBA portionCDC: Nebraska Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,330,000
- Bank portion
- $3,797,000
- Estimated project size
- $6,807,778 (estimated)
- Estimated owner equity
- $680,778 (estimated, about 10% of the project)
- Bank lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- February 23, 2049 (estimated, approval date plus term)
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Franchise
- Holiday Inn Express/Holiday Inn Express & Suites
- Project location
- Sarpy County, NE
- SBA district office
- Nebraska District Office
- Congressional district
- NE-1
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Larger than 43% 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 Nebraska: $2,191,172.
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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