Main Street Registry

Lakshmi Hospitality 301 LLC

Milford, OH · Hotels (except Casino Hotels) and Motels · NAICS 721110

Lakshmi Hospitality 301 LLC is a hotel business in Milford, Ohio, in the Hotels (except Casino Hotels) and Motels industry, and it operates as a Holiday Inn Express/Holiday Inn Express & Suites franchise. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,777,000, with LCNB National Bank as the lender and Alloy Development Co., Inc.

SBA 504 loan, approved Feb 26, 2026

$2,777,000 SBA portionCDC: Alloy Development Co., Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,777,000
Bank portion
$3,846,000
Estimated project size
$7,358,889 (estimated)
Estimated owner equity
$735,889 (estimated, about 10% of the project)
Bank lender
LCNB National Bank, Lebanon, OH
CDC
Alloy Development Co., Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 26, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Clermont County, OH
SBA district office
Columbus District Office
Congressional district
OH-1
Collateral
Yes

Estimated share of project by source

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

  • Larger than 55% 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 Ohio: $2,096,556.

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 Ohio