Main Street Registry

Motel 6 Brunswick, GA

Brunswick, GA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Motel 6 Brunswick, GA is a hotel and motel business in Brunswick, Georgia, classified under the NAICS industry for hotels (except casino hotels) and motels. It financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,099,000, approved on December 19, 2024 through Community Bank of Georgia with Coastal Area District Development Authority, Inc. as the certified development company.

SBA 504 loan, approved Dec 19, 2024

$1,099,000 SBA portionCDC: Coastal Area District Development Authority, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,099,000
Bank portion
$1,120,000
Estimated project size
$2,465,556 (estimated)
Estimated owner equity
$246,556 (estimated, about 10% of the project)
Bank lender
Community Bank of Georgia, Baxley, GA
CDC
Coastal Area District Development Authority, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
December 19, 2049 (estimated, approval date plus term)
First disbursement
Apr 16, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Motel 6
Project location
Glynn County, GA
SBA district office
Georgia District Office
Congressional district
GA-1
Collateral
Yes

Estimated share of project by source

Bank 45% SBA (CDC) 45% Owner 10%

  • Larger than 4% 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 Georgia: $2,201,121.

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 Georgia