Main Street Registry

Courtyard by Marriott Castleton

Indianapolis, IN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Courtyard by Marriott Castleton is located in Indianapolis, IN, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($3,562,000 SBA portion) on June 3, 2025 to finance real estate or equipment.

SBA 504 loan, approved Jun 3, 2025

SBA (CDC) portion
$3,562,000
Bank portion
$7,057,600
Estimated project size
$11,799,556 (estimated)
Estimated owner equity
$1,179,956 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Premier Capital Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
June 3, 2050 (estimated, approval date plus term)
First disbursement
Sep 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
19
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Courtyard by Marriott
Project location
Marion County, IN
SBA district office
Indiana District Office
Congressional district
IN-5
Collateral
Yes

Estimated share of project by source

Bank 60% SBA (CDC) 30% Owner 10%

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 Indiana