Main Street Registry

La Quinta Inn & Suites

Plainfield, CT · Hotels (except Casino Hotels) and Motels · NAICS 721110

La Quinta Inn & Suites is a hotel business located in Plainfield, CT, classified under the industry Hotels (except Casino Hotels) and Motels (NAICS 721110). The business financed real estate or equipment through an SBA 504 loan of $1,899,000 approved on June 26, 2025, with Jewett City Savings Bank as the bank lender and New England Certified Development Corporation as the certified development company.

SBA 504 loan, approved Jun 26, 2025

$1,899,000 SBA portionCDC: New England Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,899,000
Bank portion
$2,650,000
Estimated project size
$5,054,444 (estimated)
Estimated owner equity
$505,444 (estimated, about 10% of the project)
Bank lender
Jewett City Savings Bank, Jewett City, CT
CDC
New England Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
June 26, 2050 (estimated, approval date plus term)
First disbursement
Sep 17, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Northeastern Ct County, CT
SBA district office
Connecticut District Office
Congressional district
CT-2
Collateral
Yes

Estimated share of project by source

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

  • Larger than 30% 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 Connecticut: $2,313,333.

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 Connecticut