Main Street Registry

Super 8 by Windham - Greenfield

Greenfield, IN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Super 8 by Windham - Greenfield is a hotel and motel business located in Greenfield, Indiana, classified under NAICS code 721110 (Hotels, except Casino Hotels and Motels). The business financed real estate or equipment through an SBA 504 loan of $2,076,000, approved on January 17, 2024, with First Bank of the Lake as the lending bank and Premier Capital Corporation as the certified development company.

SBA 504 loan, approved Jan 17, 2024

$2,076,000 SBA portionCDC: Premier Capital Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,076,000
Bank portion
$2,898,500
Estimated project size
$5,527,222 (estimated)
Estimated owner equity
$552,722 (estimated, about 10% of the project)
Bank lender
First Bank of the Lake, Osage Beach, MO
CDC
Premier Capital Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 17, 2049 (estimated, approval date plus term)
First disbursement
Apr 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
LLC or partnership
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Hancock County, IN
SBA district office
Indiana District Office
Congressional district
IN-6
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 35% 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 Indiana: $2,227,963.

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 Indiana