Main Street Registry

Hyatt Place Minneapolis Airport-South

Bloomington, MN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Hyatt Place Minneapolis Airport-South, located in Bloomington, MN, operates in the hotels (except casino hotels) and motels industry. The business financed real estate or equipment through an SBA 504 loan of $2,097,000 approved on July 23, 2025, with First Independent Bank as the bank partner and Midwest Business Finance Corporation as the certified development company.

SBA 504 loan, approved Jul 23, 2025

$2,097,000 SBA portionCDC: Midwest Business Finance Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,097,000
Bank portion
$5,675,000
Estimated project size
$8,635,556 (estimated)
Estimated owner equity
$863,556 (estimated, about 10% of the project)
Bank lender
First Independent Bank, Russell, MN
CDC
Midwest Business Finance Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 23, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
17
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Hyatt Place
Project location
Hennepin County, MN
SBA district office
Minnesota District Office
Congressional district
MN-3
Collateral
Yes

Estimated share of project by source

Bank 66% SBA (CDC) 24% Owner 10%

  • Larger than 36% 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 Minnesota: $2,136,981.

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 Minnesota