Main Street Registry

Elevate Hospitality LLC

Sunbury, OH · Hotels (except Casino Hotels) and Motels · NAICS 721110

Elevate Hospitality LLC, located in Sunbury, Ohio, operates in the hotels and motels industry and is a Hampton Inn by Hilton franchise. The company was approved for an SBA 504 loan with an SBA portion of $2,628,000 through the CDC Alloy Development Co., Inc., with LCNB National Bank as the lender and an approval date of June 30, 2026.

SBA 504 loan, approved Jun 30, 2026

$2,628,000 SBA portionCDC: Alloy Development Co., Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,628,000
Bank portion
$3,640,000
Estimated project size
$6,964,444 (estimated)
Estimated owner equity
$696,444 (estimated, about 10% of the project)
Bank lender
LCNB National Bank, Lebanon, OH
CDC
Alloy Development Co., Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
June 30, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Hampton Inn by Hilton
Project location
Delaware County, OH
SBA district office
Columbus District Office
Congressional district
OH-12
Collateral
Yes

Estimated share of project by source

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

  • Larger than 53% 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 Ohio: $2,096,556.

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 Ohio