Main Street Registry

Allen Road Hotel Group LLC

Jeffersonville, OH · Hotels (except Casino Hotels) and Motels · NAICS 721110

Allen Road Hotel Group LLC is a hotel business in Jeffersonville, OH, classified under hotels (except casino hotels) and motels. It was financed with an SBA 504 loan that provided real estate or equipment financing, with an SBA portion of $1,952,000, approved on September 24, 2024, through Celtic Bank Corporation and the Alloy Development Co., Inc. certified development company.

SBA 504 loan, approved Sep 24, 2024

$1,952,000 SBA portionCDC: Alloy Development Co., Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,952,000
Bank portion
$3,900,000
Estimated project size
$6,502,222 (estimated)
Estimated owner equity
$650,222 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Alloy Development Co., Inc.
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
September 24, 2049 (estimated, approval date plus term)
First disbursement
Mar 12, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Fairfield by Marriott/Fairfield Inn & Suites by Marriott/Fairfield Inn by Marriott/Fairfield by Marriott Inn & Suites
Project location
Fayette County, OH
SBA district office
Columbus District Office
Congressional district
OH-10
Collateral
Yes

Estimated share of project by source

Bank 60% SBA (CDC) 30% Owner 10%

  • Larger than 32% 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 Ohio: $2,096,556.

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 Ohio