Main Street Registry

Comfort Inn Fallon

Fallon, NV · Hotels (except Casino Hotels) and Motels · NAICS 721110

Comfort Inn Fallon is a hotel business in Fallon, Nevada, classified under the industry Hotels (except Casino Hotels) and Motels (NAICS 721110). The company financed real estate or equipment through an SBA 504 loan of $1,242,000 approved on November 10, 2023, with Wells Fargo Bank National Association as the lender and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Nov 10, 2023

$1,242,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,242,000
Bank portion
$2,961,624
Estimated project size
$4,670,693 (estimated)
Estimated owner equity
$467,069 (estimated, about 10% of the project)
Bank lender
Wells Fargo Bank National Association, Sioux Falls, SD
CDC
The Mortgage Capital Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
November 10, 2048 (estimated, approval date plus term)
First disbursement
Apr 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Comfort Inn, Comfort Inn & Suites & Comfort Suites
Project location
Churchill County, NV
SBA district office
Nevada District Office
Congressional district
NV-2
Collateral
Yes

Estimated share of project by source

Bank 63% SBA (CDC) 27% Owner 10%

  • Larger than 10% 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 Nevada: $2,098,935.

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 Nevada