Main Street Registry

Best Western Plus Sanford Airport/Lake Mary

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

Best Western Plus Sanford Airport/Lake Mary, located in Sanford, Florida, operates in the Hotels (except Casino Hotels) and Motels industry. The business financed real estate or equipment through an SBA 504 loan of $2,206,000, approved February 23, 2026, with INB, National Association as the lender and Florida Business Development Corporation as the certified development company.

SBA 504 loan, approved Feb 23, 2026

$2,206,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,206,000
Bank portion
$5,906,000
Estimated project size
$9,013,333 (estimated)
Estimated owner equity
$901,333 (estimated, about 10% of the project)
Bank lender
INB, National Association, Springfield, IL
CDC
Florida Business Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
February 23, 2051 (estimated, approval date plus term)
First disbursement
Jun 17, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Best Western - Best Western Plus - Best Western Premier- Executive Residency by Best Western- @Home by Best Western - GLo - Aiden - Membership Agreement
Project location
Seminole County, FL
SBA district office
North Florida District Office
Congressional district
FL-7
Collateral
Yes

Estimated share of project by source

Bank 66% SBA (CDC) 24% Owner 10%

  • Larger than 38% 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