Eastside Lodge
Eastside Lodge is located in Portland, OR, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($2,449,000 SBA portion) on January 11, 2024 to finance real estate or equipment.
SBA 504 loan, approved Jan 11, 2024
- SBA (CDC) portion
- $2,449,000
- Bank portion
- $3,982,624
- Estimated project size
- $7,146,249 (estimated)
- Estimated owner equity
- $714,625 (estimated, about 10% of the project)
- Bank lender
- Summit Bank, Eugene, OR
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 11, 2049 (estimated, approval date plus term)
- First disbursement
- Mar 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Project location
- Multnomah County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-3
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Larger than 47% 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 Oregon: $1,931,136.
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 Oregon
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- Param Salem, LLC, Salem
- Virk Hospitality Beaverton, LLC, Portland
- Ashland Concept LLC, Ashland
- Khalsa Partners LLC, Ontario