Main Street Registry

Baymont By Wyndham Jamestown

Jamestown, ND · Hotels (except Casino Hotels) and Motels · NAICS 721110

Baymont By Wyndham Jamestown is a hotel and motel business in Jamestown, ND, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). The company financed real estate or equipment through an SBA 504 loan of $1,086,000, approved on February 14, 2024, with Midwest Bank as the lender and Midwest Business Finance Corporation as the certified development company.

SBA 504 loan, approved Feb 14, 2024

$1,086,000 SBA portionCDC: Midwest Business Finance Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,086,000
Bank portion
$1,510,000
Estimated project size
$2,884,444 (estimated)
Estimated owner equity
$288,444 (estimated, about 10% of the project)
Bank lender
Midwest Bank, Detroit Lakes, MN
CDC
Midwest Business Finance Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 14, 2049 (estimated, approval date plus term)
First disbursement
Aug 14, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Stutsman County, ND
SBA district office
North Dakota District Office
Congressional district
ND-0
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 4% 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 North Dakota: $1,912,640.

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 North Dakota