Main Street Registry

RK Hospitality LLC

Sioux Falls, SD · Hotels (except Casino Hotels) and Motels · NAICS 721110

RK Hospitality LLC is a hotel and motel business located in Sioux Falls, South Dakota, classified under the industry Hotels (except Casino Hotels) and Motels. The company financed real estate or equipment through an SBA 504 loan of $3,104,000, with First Dakota National Bank as the lender and Dakota Business Finance as the certified development company, and the loan was approved on August 12, 2026.

SBA 504 loan, approved Aug 12, 2026

$3,104,000 SBA portionCDC: Dakota Business Finance25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$3,104,000
Bank portion
$4,315,000
Estimated project size
$8,243,333 (estimated)
Estimated owner equity
$824,333 (estimated, about 10% of the project)
Bank lender
First Dakota National Bank, Yankton, SD
CDC
Dakota Business Finance
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 12, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
14
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Minnehaha County, SD
SBA district office
South Dakota District Office
Congressional district
SD-0
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% 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 South Dakota: $2,152,356.

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 South Dakota