Main Street Registry

KANKU HOSPITALITY Inc.

Columbia, KY · Hotels (except Casino Hotels) and Motels · NAICS 721110

KANKU HOSPITALITY Inc. in Columbia, KY operates in the hotels (except casino hotels) and motels industry and is a Sleep Inn by Choice Hotels franchise. The company financed real estate or equipment through an SBA 504 loan of $2,149,000, approved on November 1, 2024, with South Central Bank, Inc. as the lender and Community Ventures Corporation as the certified development company.

SBA 504 loan, approved Nov 1, 2024

$2,149,000 SBA portionCDC: Community Ventures Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,149,000
Bank portion
$3,000,000
Estimated project size
$5,721,111 (estimated)
Estimated owner equity
$572,111 (estimated, about 10% of the project)
Bank lender
South Central Bank, Inc., Glasgow, KY
CDC
Community Ventures Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
November 1, 2049 (estimated, approval date plus term)
First disbursement
Jan 15, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hotels
Project location
Adair County, KY
SBA district office
Kentucky District Office
Congressional district
KY-1
Collateral
Yes

Estimated share of project by source

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

  • Larger than 38% 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 Kentucky: $2,344,000.

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 Kentucky