Main Street Registry

Comfort Inn & Suites

Augusta, GA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Comfort Inn & Suites is a hotel and motel business located in Augusta, Georgia, in the Hotels (except Casino Hotels) and Motels industry. The company financed real estate or equipment through an SBA 504 loan of $2,111,000 approved on April 12, 2024, with Celtic Bank Corporation as the lender and Florida Business Development Corporation as the certified development company.

SBA 504 loan, approved Apr 12, 2024

$2,111,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,111,000
Bank portion
$2,945,900
Estimated project size
$5,618,778 (estimated)
Estimated owner equity
$561,878 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 12, 2049 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Comfort Inn, Comfort Inn & Suites & Comfort Suites
Project location
Columbia County, GA
SBA district office
Georgia District Office
Congressional district
GA-12
Collateral
Yes

Estimated share of project by source

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

  • Larger than 37% 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 Georgia: $2,201,121.

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 Georgia