Main Street Registry

Motel 6

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

Motel 6 is located in Georgetown, SC, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($1,426,000 SBA portion) on November 21, 2024 to finance real estate or equipment.

SBA 504 loan, approved Nov 21, 2024

SBA (CDC) portion
$1,426,000
Bank portion
$1,637,659
Estimated project size
$3,404,066 (estimated)
Estimated owner equity
$340,407 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Catawba Regional Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
November 21, 2049 (estimated, approval date plus term)
First disbursement
Feb 12, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Georgetown County, SC
SBA district office
South Carolina District Office
Congressional district
SC-6
Collateral
Yes

Estimated share of project by source

Bank 48% SBA (CDC) 42% Owner 10%

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