Salt Air Lodge
Salt Air Lodge is located in Santa Cruz, CA, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($2,008,000 SBA portion) on February 13, 2025 to finance real estate or equipment.
SBA 504 loan, approved Feb 13, 2025
- SBA (CDC) portion
- $2,008,000
- Bank portion
- $2,800,000
- Estimated project size
- $5,342,222 (estimated)
- Estimated owner equity
- $534,222 (estimated, about 10% of the project)
- Bank lender
- Monterey County Bank, Monterey, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 13, 2050 (estimated, approval date plus term)
- First disbursement
- Aug 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Project location
- Santa Cruz County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-18
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 34% 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 California: $2,161,468.
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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