ART Hotels LLC
ART Hotels LLC is located in Columbus, OH, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($1,331,000 SBA portion) on October 30, 2023 to finance real estate or equipment.
SBA 504 loan, approved Oct 30, 2023
- SBA (CDC) portion
- $1,331,000
- Bank portion
- $2,160,500
- Estimated project size
- $3,879,444 (estimated)
- Estimated owner equity
- $387,944 (estimated, about 10% of the project)
- Bank lender
- Poppy Bank, Santa Rosa, CA
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- October 30, 2048 (estimated, approval date plus term)
- First disbursement
- Oct 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Franchise
- Suburban Studios ES
- Project location
- Franklin County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-3
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Larger than 13% 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Ohio
- Best Western, Fairborn
- 116 Park Avenue West, LLC, Mansfield
- Five Vibe Hospitality LLC, Columbus
- Five Guys Hospitality LLC, Independence
- Omkara Hospitality, LTD., Akron
- Nimit Hospitality, LLC, Columbus
- Devaki LLC, Napoleon
- Sleep Inn & Suites Belmont, Belmont