Main Street Registry

Suburban Studios Tallahassee Near University

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

Suburban Studios Tallahassee Near University is a hotel and motel business located in Tallahassee, Florida, in the hotels (except casino hotels) and motels industry. The business financed real estate or equipment through an SBA 504 loan of $2,035,000, approved on February 11, 2026, with Celtic Bank Corporation as the bank partner and Florida First Capital Finance Corporation, Inc. as the certified development company.

SBA 504 loan, approved Feb 11, 2026

$2,035,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,035,000
Bank portion
$1,978,000
Estimated project size
$4,458,889 (estimated)
Estimated owner equity
$445,889 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
February 11, 2051 (estimated, approval date plus term)
First disbursement
Jun 17, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
19
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Leon 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 34% 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