La Quinta Inn & Suites by Wyndham Sebring

La Quinta Inn & Suites by Wyndham Sebring is a hotel in Sebring, Florida, classified under the industry of hotels (except casino hotels) and motels.

SBA 504 loan, approved Mar 18, 2025

$3,088,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details

SBA (CDC) portion: $3,088,000
Bank portion: $3,825,000
Estimated project size: $7,681,111 (estimated)
Estimated owner equity: $768,111 (estimated, about 10% of the project)
Bank lender: Newtek Bank, National Association, Miami, FL
CDC: Florida Business Development Corporation
Processing method: Accredited Lenders Program: CDC with an expedited SBA review
Term: 25 years (300 months)
Estimated maturity: March 18, 2050 (estimated, approval date plus term)
First disbursement: Sep 17, 2025
Loan status: Status not reported (SBA exemption)
Jobs supported: 18
Business type: Corporation
NAICS: 721110, Hotels (except Casino Hotels) and Motels
Franchise: La Quinta by Wyndham / La Quinta Inn & Suites
Project location: Highlands County, FL
SBA district office: South Florida District Office
Congressional district: FL-17
Collateral: Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

Larger than 60% 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 Florida: $2,058,496.

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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