Main Street Registry

OnCentury Hospitality LLC

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

OnCentury Hospitality LLC is a hotel and motel business in Nashville, Tennessee, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). The company financed real estate or equipment through an SBA 504 loan of $4,997,000 approved on October 3, 2024, with Celtic Bank Corporation as the lender and Brightbridge, Inc. as the certified development company.

SBA 504 loan, approved Oct 3, 2024

$4,997,000 SBA portionCDC: Brightbridge, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$4,997,000
Bank portion
$11,644,700
Estimated project size
$18,490,778 (estimated)
Estimated owner equity
$1,849,078 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Brightbridge, Inc.
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
October 3, 2049 (estimated, approval date plus term)
First disbursement
Dec 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
29
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Davidson County, TN
SBA district office
Tennessee District Office
Congressional district
TN-5
Collateral
Yes

Estimated share of project by source

Bank 63% SBA (CDC) 27% Owner 10%

  • Larger than 88% 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