Main Street Registry

Best Western San Marcos

Morro Bay, CA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Best Western San Marcos is a hotel and motel business in Morro Bay, California, classified under the NAICS industry for hotels (except casino hotels) and motels. The business financed real estate or equipment through an SBA 504 loan of $2,259,000 approved on March 19, 2025, through Bank of the Sierra with The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Mar 19, 2025

$2,259,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,259,000
Bank portion
$3,150,000
Estimated project size
$6,010,000 (estimated)
Estimated owner equity
$601,000 (estimated, about 10% of the project)
Bank lender
Bank of the Sierra, Porterville, CA
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
March 19, 2050 (estimated, approval date plus term)
First disbursement
Jun 11, 2025
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
San Luis Obispo County, CA
SBA district office
Fresno District Office
Congressional district
CA-24
Collateral
Yes

Estimated share of project by source

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

  • Larger than 41% 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 California: $2,161,468.

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 California