Main Street Registry

Red Roof Gallup

Gallup, NM · Hotels (except Casino Hotels) and Motels · NAICS 721110

Red Roof Gallup is a hotel and motel business in Gallup, New Mexico, classified under NAICS 721110 for hotels (except casino hotels) and motels. The company financed real estate or equipment through an SBA 504 loan of $1,263,000, with United Business Bank as the lending bank and Enchantment Land Certified Development Company as the certified development company, approved on January 2, 2025.

SBA 504 loan, approved Jan 2, 2025

$1,263,000 SBA portionCDC: Enchantment Land Certified Development Company25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,263,000
Bank portion
$2,407,000
Estimated project size
$4,077,778 (estimated)
Estimated owner equity
$407,778 (estimated, about 10% of the project)
Bank lender
United Business Bank, Walnut Creek, CA
CDC
Enchantment Land Certified Development Company
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
January 2, 2050 (estimated, approval date plus term)
First disbursement
Sep 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
29
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Mckinley County, NM
SBA district office
New Mexico District Office
Congressional district
NM-3
Collateral
Yes

Estimated share of project by source

Bank 59% SBA (CDC) 31% 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 New Mexico: $2,251,714.

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 New Mexico