Main Street Registry

Holiday Inn Express

Griffin, GA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Holiday Inn Express, a hotel business in Griffin, Georgia, in the Hotels (except Casino Hotels) and Motels industry (NAICS 721110), is a franchise of Holiday Inn Express/Holiday Inn Express & Suites and has been operating for more than two years.

SBA 504 loan, approved Feb 15, 2024

$4,288,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$4,288,000
Bank portion
$4,192,500
Estimated project size
$9,422,778 (estimated)
Estimated owner equity
$942,278 (estimated, about 10% of the project)
Bank lender
Cogent Bank, Orlando, FL
CDC
Florida Business Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
February 15, 2049 (estimated, approval date plus term)
First disbursement
Jun 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Spalding County, GA
SBA district office
Georgia District Office
Congressional district
GA-3
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 80% 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 Georgia: $2,201,121.

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 Georgia