Main Street Registry

Best Western Plus Hudson I-94

Hudson, WI · Hotels (except Casino Hotels) and Motels · NAICS 721110

Best Western Plus Hudson I-94 is a hotel business in Hudson, Wisconsin, classified under the NAICS industry for hotels (except casino hotels) and motels. The business financed real estate or equipment through an SBA 504 loan with a $1,656,000 SBA portion, approved on August 16, 2024, through First State Bank and Trust with WBD, Inc. as the certified development company.

SBA 504 loan, approved Aug 16, 2024

$1,656,000 SBA portionCDC: WBD, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,656,000
Bank portion
$2,310,900
Estimated project size
$4,407,667 (estimated)
Estimated owner equity
$440,767 (estimated, about 10% of the project)
Bank lender
First State Bank and Trust, Bayport, MN
CDC
WBD, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 16, 2049 (estimated, approval date plus term)
First disbursement
Nov 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Saint Croix County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-7
Collateral
Yes

Estimated share of project by source

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

  • Larger than 24% 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 Wisconsin: $2,095,135.

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 Wisconsin