Main Street Registry

Bhole Hospitality LLC

Shreveport, LA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Bhole Hospitality LLC is a hotel business in Shreveport, Louisiana, in the industry of hotels (except casino hotels) and motels, and it operates as a Holiday Inn Express franchise. The company financed real estate or equipment through an SBA 504 loan of $2,649,000, with Grasshopper Bank National Association as the lender and JEDCO Development Corporation as the certified development company, with approval dated August 12, 2024.

SBA 504 loan, approved Aug 12, 2024

$2,649,000 SBA portionCDC: JEDCO Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,649,000
Bank portion
$3,700,000
Estimated project size
$7,054,444 (estimated)
Estimated owner equity
$705,444 (estimated, about 10% of the project)
Bank lender
Grasshopper Bank National Association, New York, NY
CDC
JEDCO Development Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
August 12, 2049 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Caddo County, LA
SBA district office
Louisiana District Office
Congressional district
LA-4
Collateral
Yes

Estimated share of project by source

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

  • Larger than 53% 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 Louisiana: $2,537,130.

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 Louisiana