Main Street Registry

Spark by Hilton St. Augustine Historic District

St. Augustine, FL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Spark by Hilton St. Augustine Historic District is a hotel business in St. Augustine, Florida, in the Hotels (except Casino Hotels) and Motels industry. The business was financed through an SBA 504 loan, which is a program used for real estate or equipment, with an SBA portion of $2,482,000 approved by Surety Bank and Florida Business Development Corporation on January 13, 2026.

SBA 504 loan, approved Jan 13, 2026

$2,482,000 SBA portionCDC: Florida Business Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,482,000
Bank portion
$2,500,000
Estimated project size
$5,535,556 (estimated)
Estimated owner equity
$553,556 (estimated, about 10% of the project)
Bank lender
Surety Bank, De Land, FL
CDC
Florida Business Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
January 13, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
15
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Spark by Hilton
Project location
Saint Johns County, FL
SBA district office
North Florida District Office
Congressional district
FL-4
Collateral
Yes

Estimated share of project by source

Bank 45% SBA (CDC) 45% Owner 10%

  • Larger than 49% 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 Florida: $2,058,496.

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 Florida