Main Street Registry

HomeTowne Studios Tacoma-Puyallup

Puyallup, WA · Hotels (except Casino Hotels) and Motels · NAICS 721110

HomeTowne Studios Tacoma-Puyallup is a hotel and motel business in Puyallup, Washington, in the Hotels (except Casino Hotels) and Motels industry, and it operates as a HomeTowne Studios by Red Roof franchise. The business financed real estate or equipment through an SBA 504 loan of $3,837,000, provided through Heritage Bank and the Northwest Business Development Association, with a loan approval date of August 21, 2026.

SBA 504 loan, approved Aug 21, 2026

$3,837,000 SBA portionCDC: Northwest Business Development Association25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$3,837,000
Bank portion
$5,328,608
Estimated project size
$10,184,009 (estimated)
Estimated owner equity
$1,018,401 (estimated, about 10% of the project)
Bank lender
Heritage Bank, Olympia, WA
CDC
Northwest Business Development Association
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 21, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
2
Business type
Individual
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
HomeTowne Studios by Red Roof
Project location
Pierce County, WA
SBA district office
Seattle District Office
Congressional district
WA-10
Collateral
Yes

Estimated share of project by source

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

  • Larger than 75% 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 Washington: $2,234,716.

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 Washington