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Springfield Hospitality, LLC

Springfield, OH · Hotels (except Casino Hotels) and Motels · NAICS 721110

Springfield Hospitality, LLC is a hotel and motel business located in Springfield, Ohio, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). The company financed real estate or equipment through an SBA 504 loan of $3,276,000 (SBA portion), approved on April 11, 2025, with Accordia Bank as the lender and Growth Capital Corp. as the certified development company.

SBA 504 loan, approved Apr 11, 2025

$3,276,000 SBA portionCDC: Growth Capital Corp.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,276,000
Bank portion
$5,332,000
Estimated project size
$9,564,444 (estimated)
Estimated owner equity
$956,444 (estimated, about 10% of the project)
Bank lender
Accordia Bank, Provo, UT
CDC
Growth Capital Corp.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 11, 2050 (estimated, approval date plus term)
First disbursement
Sep 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
LLC or partnership
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Clark County, OH
SBA district office
Columbus District Office
Congressional district
OH-4
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 65% 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 Ohio: $2,096,556.

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 Ohio