Main Street Registry

Mahant Eastridge, LLC

Chattanooga, TN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Mahant Eastridge, LLC is a hotel business in Chattanooga, Tennessee, in the industry of hotels (except casino hotels) and motels, and operates under the Holiday Inn Express/Holiday Inn Express & Suites franchise. The company financed real estate or equipment through an SBA 504 loan of $3,364,000, with SmartBank as the lender and Brightbridge, Inc. as the certified development company, approved on July 7, 2025.

SBA 504 loan, approved Jul 7, 2025

$3,364,000 SBA portionCDC: Brightbridge, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$3,364,000
Bank portion
$4,700,527
Estimated project size
$8,960,586 (estimated)
Estimated owner equity
$896,059 (estimated, about 10% of the project)
Bank lender
SmartBank, Pigeon Forge, TN
CDC
Brightbridge, Inc.
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
July 7, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
15
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Hamilton County, TN
SBA district office
Tennessee District Office
Congressional district
TN-3
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% 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 Tennessee: $2,402,643.

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 Tennessee