Main Street Registry

Holiday Inn Express Space Center

Huntsville, AL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Holiday Inn Express Space Center is a hotel business in Huntsville, Alabama, classified under NAICS code 721110 for hotels (except casino hotels) and motels. The business financed real estate or equipment through an SBA 504 loan of $5,000,000, approved on March 19, 2026, with Peoples Bank of Alabama as the lender and Southern Development Council as the certified development company.

SBA 504 loan, approved Mar 19, 2026

$5,000,000 SBA portionCDC: Southern Development Council25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$5,000,000
Bank portion
$8,019,253
Estimated project size
$14,465,837 (estimated)
Estimated owner equity
$1,446,584 (estimated, about 10% of the project)
Bank lender
Peoples Bank of Alabama, Cullman, AL
CDC
Southern Development Council
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
March 19, 2051 (estimated, approval date plus term)
First disbursement
Aug 12, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
22
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Madison County, AL
SBA district office
Alabama District Office
Congressional district
AL-5
Collateral
Yes

Estimated share of project by source

Bank 55% SBA (CDC) 35% Owner 10%

  • Larger than 90% 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 Alabama: $2,182,891.

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 Alabama