Main Street Registry

Motel 6 Roseville

Roseville, MN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Motel 6 Roseville is a hotel and motel business located in Roseville, Minnesota, operating in the hotels and motels industry. The company financed real estate or equipment through an SBA 504 loan of $1,970,000, with Northeast Bank as the lending bank and Twin Cities-Metro Certified Development Company as the certified development company, approved on December 12, 2024.

SBA 504 loan, approved Dec 12, 2024

$1,970,000 SBA portionCDC: Twin Cities-Metro Certified Development Company25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,970,000
Bank portion
$1,925,700
Estimated project size
$4,328,556 (estimated)
Estimated owner equity
$432,856 (estimated, about 10% of the project)
Bank lender
Northeast Bank, Minneapolis, MN
CDC
Twin Cities-Metro Certified Development Company
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
December 12, 2049 (estimated, approval date plus term)
First disbursement
Feb 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Motel 6
Project location
Ramsey County, MN
SBA district office
Minnesota District Office
Congressional district
MN-4
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 33% 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 Minnesota: $2,136,981.

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 Minnesota