8 Dyer Hotel
8 Dyer Hotel is a bed-and-breakfast inn located in Provincetown, Massachusetts, in the bed-and-breakfast inns industry. The business was financed through an SBA 504 loan, which financed real estate or equipment with an SBA portion of $1,488,000, approved on July 12, 2024, through Cape and Coast Bank and the certified development company Cape & Islands Community Development, Inc.
SBA 504 loan, approved Jul 12, 2024
- SBA (CDC) portion
- $1,488,000
- Bank portion
- $2,082,000
- Estimated project size
- $3,966,667 (estimated)
- Estimated owner equity
- $396,667 (estimated, about 10% of the project)
- Bank lender
- Cape and Coast Bank, Hyannis, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 12, 2049 (estimated, approval date plus term)
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Individual
- NAICS
- 721191, Bed-and-Breakfast Inns
- Project location
- Barnstable County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-9
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 59% of expansion loans in Bed-and-Breakfast Inns on this site.
- Average expansion loan in Bed-and-Breakfast Inns: $1,456,765.
- Average expansion loan in Massachusetts: $2,009,683.
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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