Main Street Registry

Best Western Reedsport

Reedsport, OR · Hotels (except Casino Hotels) and Motels · NAICS 721110

Best Western Reedsport is a hotel and motel business in Reedsport, Oregon, classified under NAICS code 721110 for hotels except casino hotels and motels. The business financed real estate or equipment through an SBA 504 loan of $2,357,000, approved on December 15, 2025, with Open Bank as the lender and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Dec 15, 2025

$2,357,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,357,000
Bank portion
$3,861,000
Estimated project size
$6,908,889 (estimated)
Estimated owner equity
$690,889 (estimated, about 10% of the project)
Bank lender
Open Bank, Los Angeles, CA
CDC
The Mortgage Capital Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
December 15, 2050 (estimated, approval date plus term)
First disbursement
Apr 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
2
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
Douglas County, OR
SBA district office
Portland District Office
Congressional district
OR-4
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 44% 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 Oregon: $1,931,136.

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 Oregon