Main Street Registry

Suburban Extended Stay Hotel

Panama City, FL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Suburban Extended Stay Hotel is a hotel business in Panama City, Florida, classified under the NAICS industry for hotels (except casino hotels) and motels. The company financed real estate or equipment through an SBA 504 loan of $1,430,000, approved on October 7, 2024, with Northwest FCU as the partner bank and Florida First Capital Finance Corporation, Inc. as the certified development company.

SBA 504 loan, approved Oct 7, 2024

$1,430,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,430,000
Bank portion
$1,362,893
Estimated project size
$3,103,214 (estimated)
Estimated owner equity
$310,321 (estimated, about 10% of the project)
Bank lender
Northwest FCU, Herndon, VA
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
October 7, 2049 (estimated, approval date plus term)
First disbursement
Oct 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Bay County, FL
SBA district office
North Florida District Office
Congressional district
FL-2
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 17% 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