Candleberry Hospitality, LLC
Candleberry Hospitality, LLC, located in Brewster, Massachusetts, operates in the bed-and-breakfast inns industry. The company financed real estate or equipment through an SBA 504 loan of $1,043,000 with a total project size of $1,450,000, approved on December 6, 2024 by Cape and Coast Bank with Granite State Economic Development Corporation as the certified development company.
SBA 504 loan, approved Dec 6, 2024
$1,043,000 SBA portionCDC: Granite State Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,043,000
- Bank portion
- $1,450,000
- Estimated project size
- $2,770,000 (estimated)
- Estimated owner equity
- $277,000 (estimated, about 10% of the project)
- Bank lender
- Cape and Coast Bank, Hyannis, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 6, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 721191, Bed-and-Breakfast Inns
- Project location
- Barnstable County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-9
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 12% of expansion loans in Bed-and-Breakfast Inns on this site.
- Average expansion loan in Bed-and-Breakfast Inns: $1,456,765.
- Average expansion loan in Massachusetts: $2,009,683.
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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