Fairfield Inn & Suites - Atlanta/Vinings
Fairfield Inn & Suites - Atlanta/Vinings is a hotel and motel business in Atlanta, Georgia, classified under NAICS code 721110 (Hotels, except Casino Hotels and Motels). The business financed real estate or equipment through an SBA 504 loan of $4,236,000, approved on January 2, 2025, with Coastal States Bank as the lender and Florida Business Development Corporation as the certified development company.
SBA 504 loan, approved Jan 2, 2025
$4,236,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $4,236,000
- Bank portion
- $6,903,349
- Estimated project size
- $12,377,054 (estimated)
- Estimated owner equity
- $1,237,705 (estimated, about 10% of the project)
- Bank lender
- Coastal States Bank, Hilton Head Island, SC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 2, 2050 (estimated, approval date plus term)
- First disbursement
- Jul 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Franchise
- Fairfield by Marriott/Fairfield Inn & Suites by Marriott/Fairfield Inn by Marriott/Fairfield by Marriott Inn & Suites
- Project location
- Cobb County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-6
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Larger than 80% 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 Georgia: $2,201,121.
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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