Springhill Suites
Springhill Suites is located in Savannah, GA, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($2,555,000 SBA portion) on January 17, 2024 to finance real estate or equipment.
- Business type
- Corporation
- Business age reported
- Existing or more than 2 years old
SBA 504 loans
| Approved | SBA portion | Bank portion | Project size | Lender | CDC | Term | Jobs supported | Status |
|---|---|---|---|---|---|---|---|---|
| Jan 17, 2024 | $2,555,000 | $4,161,500 | $7,462,778 (estimated) | First Bank of the Lake | Florida Business Development Corporation | 25 years | 11 | Status not reported (SBA exemption) |
Estimated project size is (SBA portion + bank portion) divided by 0.9, since the owner typically contributes about 10 percent. It is not an SBA-published figure.
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