Main Street Registry

Novakara Hospitality LLC

Ft. Pierre, SD · Hotels (except Casino Hotels) and Motels · NAICS 721110

Novakara Hospitality LLC, located in Ft. Pierre, South Dakota, operates in the hotels and motels industry (NAICS 721110) and is listed with a Candlewood Suites franchise. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $3.4 million, approved on February 4, 2026, through lender BankWest, Inc and certified development company Ally Dakota Development, Inc.

SBA 504 loan, approved Feb 4, 2026

$3,397,000 SBA portionCDC: Ally Dakota Development, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$3,397,000
Bank portion
$4,722,500
Estimated project size
$9,021,667 (estimated)
Estimated owner equity
$902,167 (estimated, about 10% of the project)
Bank lender
BankWest, Inc, Pierre, SD
CDC
Ally Dakota Development, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 4, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
11
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Candlewood Suites
Project location
Stanley County, SD
SBA district office
South Dakota District Office
Congressional district
SD-0
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 67% 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 Dakota: $2,152,356.

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 Dakota