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The Sandbar Hotel, Trademark Collection by Wyndham

Myrtle Beach, SC · Hotels (except Casino Hotels) and Motels · NAICS 721110

The Sandbar Hotel, Trademark Collection by Wyndham is a hotel business in Myrtle Beach, South Carolina, classified under the industry Hotels (except Casino Hotels) and Motels (NAICS 721110). The business financed real estate or equipment through an SBA 504 loan of $2,577,000 with a total project amount of $4,500,000, approved on February 27, 2024, through America First Federal Credit Union and Appalachian Development Corporation.

SBA 504 loan, approved Feb 27, 2024

$2,577,000 SBA portionCDC: Appalachian Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,577,000
Bank portion
$4,500,000
Estimated project size
$7,863,333 (estimated)
Estimated owner equity
$786,333 (estimated, about 10% of the project)
Bank lender
America First Federal Credit Union, Riverdale, UT
CDC
Appalachian Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 27, 2049 (estimated, approval date plus term)
First disbursement
May 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Horry County, SC
SBA district office
South Carolina District Office
Congressional district
SC-7
Collateral
Yes

Estimated share of project by source

Bank 57% SBA (CDC) 33% Owner 10%

  • Larger than 51% 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 Carolina: $2,088,205.

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 Carolina