Main Street Registry

Quality Inn & Suites Everett

Everett, WA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Quality Inn & Suites Everett is a hotel and motel business in Everett, Washington, classified under NAICS code 721110 for hotels (except casino hotels) and motels. The company financed real estate or equipment through an SBA 504 loan of $3,135,000, approved on July 17, 2024, with Poppy Bank as the lending bank and Evergreen Business Capital as the certified development company. The loan is reported with 10 jobs.

SBA 504 loan, approved Jul 17, 2024

$3,135,000 SBA portionCDC: Evergreen Business Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,135,000
Bank portion
$5,096,500
Estimated project size
$9,146,111 (estimated)
Estimated owner equity
$914,611 (estimated, about 10% of the project)
Bank lender
Poppy Bank, Santa Rosa, CA
CDC
Evergreen Business Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 17, 2049 (estimated, approval date plus term)
First disbursement
Oct 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Snohomish County, WA
SBA district office
Seattle District Office
Congressional district
WA-1
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 61% 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 Washington: $2,234,716.

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 Washington