Main Street Registry

Tru by Hilton Macon North

Macon, GA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Tru by Hilton Macon North is a hotel and motel business in Macon, Georgia, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). The company financed real estate or equipment through an SBA 504 loan of $5,211,000 with First Bank of the Lake, with Florida Business Development Corporation as the certified development company, and the loan was approved on December 9, 2023.

SBA 504 loan, approved Dec 9, 2023

$5,211,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$5,211,000
Bank portion
$8,625,500
Estimated project size
$15,373,889 (estimated)
Estimated owner equity
$1,537,389 (estimated, about 10% of the project)
Bank lender
First Bank of the Lake, Osage Beach, MO
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 9, 2048 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
24
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Bibb County, GA
SBA district office
Georgia District Office
Congressional district
GA-2
Collateral
Yes

Estimated share of project by source

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

  • Larger than 96% 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 Georgia: $2,201,121.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Georgia