Main Street Registry

English Meadows Hospitality, LLC

Kennebunk, ME · Bed-and-Breakfast Inns · NAICS 721191

English Meadows Hospitality, LLC is a bed-and-breakfast inn located in Kennebunk, Maine. The company financed real estate or equipment through an SBA 504 loan of $1,147,000 approved on October 5, 2023, with Kennebunk Savings Bank as the partner lender and Granite State Economic Development Corporation as the certified development company.

SBA 504 loan, approved Oct 5, 2023

$1,147,000 SBA portionCDC: Granite State Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,147,000
Bank portion
$1,600,000
Estimated project size
$3,052,222 (estimated)
Estimated owner equity
$305,222 (estimated, about 10% of the project)
Bank lender
Kennebunk Savings Bank, Kennebunk, ME
CDC
Granite State Economic Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 5, 2048 (estimated, approval date plus term)
First disbursement
Nov 15, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
721191, Bed-and-Breakfast Inns
Project location
York County, ME
SBA district office
Maine District Office
Congressional district
ME-1
Collateral
Yes

Estimated share of project by source

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

  • Larger than 24% of expansion loans in Bed-and-Breakfast Inns on this site.
  • Average expansion loan in Bed-and-Breakfast Inns: $1,456,765.
  • Average expansion loan in Maine: $2,027,182.

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 Maine