Main Street Registry

Americas Best Value Inn & Suites

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

Americas Best Value Inn & Suites is a hotel and motel business located in Palm Bay, Florida, in the hotels (except casino hotels) and motels industry. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,038,000, approved on June 17, 2024, through lender Paradise Bank and certified development company Florida Business Development Corporation.

SBA 504 loan, approved Jun 17, 2024

$1,038,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,038,000
Bank portion
$1,012,200
Estimated project size
$2,278,000 (estimated)
Estimated owner equity
$227,800 (estimated, about 10% of the project)
Bank lender
Paradise Bank, Boca Raton, FL
CDC
Florida Business Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
June 17, 2049 (estimated, approval date plus term)
First disbursement
Dec 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Americas Best Value Inn
Project location
Brevard County, FL
SBA district office
South Florida District Office
Congressional district
FL-8
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 2% 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