Econo Lodge Inn & Suites Madras
Econo Lodge Inn & Suites Madras is a business in Madras, Oregon, classified under the NAICS industry description "Logging" (NAICS 113310). The company financed real estate or equipment through an SBA 504 loan of $1,305,000, with WaFd Bank as the lending bank and The Mortgage Capital Development Corporation as the certified development company, with approval dated June 15, 2026.
SBA 504 loan, approved Jun 15, 2026
$1,305,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,305,000
- Bank portion
- $1,932,793
- Estimated project size
- $3,597,548 (estimated)
- Estimated owner equity
- $359,755 (estimated, about 10% of the project)
- Bank lender
- WaFd Bank, Seattle, WA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- June 15, 2051 (estimated, approval date plus term)
- First disbursement
- Sep 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 113310, Logging
- Franchise
- Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels
- Project location
- Jefferson County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-2
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Average expansion loan in Logging: $1,305,000.
- 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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