Main Street Registry

Quality Inn Davenport

Davenport, IA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Quality Inn Davenport is a hotel business in Davenport, Iowa, classified under NAICS 721110 for hotels (except casino hotels) and motels. The business financed real estate or equipment through an SBA 504 loan of $1,246,000 approved on November 22, 2024, with Dupaco Community CU as the partner bank and Siouxland Economic Development Corporation as the certified development company. The loan was approved with a 300-month term.

SBA 504 loan, approved Nov 22, 2024

$1,246,000 SBA portionCDC: Siouxland Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,246,000
Bank portion
$1,737,500
Estimated project size
$3,315,000 (estimated)
Estimated owner equity
$331,500 (estimated, about 10% of the project)
Bank lender
Dupaco Community CU, Dubuque, IA
CDC
Siouxland Economic Development Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
November 22, 2049 (estimated, approval date plus term)
First disbursement
Aug 13, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Scott County, IA
SBA district office
Des Moines District Office
Congressional district
IA-2
Collateral
Yes

Estimated share of project by source

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

  • Larger than 10% 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 Iowa: $1,994,971.

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 Iowa