Main Street Registry

Quality Inn & Suites

Tarpon Springs, FL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Quality Inn & Suites, located in Tarpon Springs, Florida, operates in the hotels and motels industry (NAICS 721110). The business financed real estate or equipment through an SBA 504 loan of $2,328,000 approved on March 20, 2025, with CIBM Bank as the lender and Sunshine State Economic Development Corporation as the certified development company.

SBA 504 loan, approved Mar 20, 2025

$2,328,000 SBA portionCDC: Sunshine State Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,328,000
Bank portion
$2,280,000
Estimated project size
$5,120,000 (estimated)
Estimated owner equity
$512,000 (estimated, about 10% of the project)
Bank lender
CIBM Bank, Champaign, IL
CDC
Sunshine State Economic Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
March 20, 2050 (estimated, approval date plus term)
First disbursement
Jun 11, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
34
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Pinellas County, FL
SBA district office
South Florida District Office
Congressional district
FL-12
Collateral
Yes

Estimated share of project by source

Bank 45% SBA (CDC) 45% Owner 10%

  • Larger than 43% 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 Florida: $2,058,496.

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 Florida