Main Street Registry

Quality Inn Near University Logan

Logan, UT · Hotels (except Casino Hotels) and Motels · NAICS 721110

Quality Inn Near University Logan is a hotel business located in Logan, Utah, in the Hotels (except Casino Hotels) and Motels industry. The business financed real estate or equipment through an SBA 504 loan of $1,814,000, approved on January 22, 2025, with Accordia Bank as the lender and Mountain West Small Business Finance as the certified development company.

SBA 504 loan, approved Jan 22, 2025

$1,814,000 SBA portionCDC: Mountain West Small Business Finance25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,814,000
Bank portion
$2,941,770
Estimated project size
$5,284,189 (estimated)
Estimated owner equity
$528,419 (estimated, about 10% of the project)
Bank lender
Accordia Bank, Provo, UT
CDC
Mountain West Small Business Finance
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 22, 2050 (estimated, approval date plus term)
First disbursement
Feb 11, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Cache County, UT
SBA district office
Utah District Office
Congressional district
UT-1
Collateral
Yes

Estimated share of project by source

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

  • Larger than 28% 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 Utah: $2,117,884.

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 Utah