Main Street Registry

LaQuinta Inn and Suites - Myrtle Beach

Myrtle Beach, SC · Hotels (except Casino Hotels) and Motels · NAICS 721110

LaQuinta Inn and Suites - Myrtle Beach is a hotel and motel business in Myrtle Beach, South Carolina, classified under the industry Hotels (except Casino Hotels) and Motels. The business financed real estate or equipment through an SBA 504 loan of $3,396,000 approved on April 2, 2025, with First Bank of the Lake as the lender and Appalachian Development Corporation as the certified development company.

SBA 504 loan, approved Apr 2, 2025

$3,396,000 SBA portionCDC: Appalachian Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,396,000
Bank portion
$5,726,900
Estimated project size
$10,136,556 (estimated)
Estimated owner equity
$1,013,656 (estimated, about 10% of the project)
Bank lender
First Bank of the Lake, Osage Beach, MO
CDC
Appalachian Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 2, 2050 (estimated, approval date plus term)
First disbursement
Feb 11, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Horry County, SC
SBA district office
South Carolina District Office
Congressional district
SC-7
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 66% 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 South Carolina: $2,088,205.

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 South Carolina