Main Street Registry

Holiday Inn Express & Suites

Canton, GA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Holiday Inn Express & Suites in Canton, GA operates in the hotels (except casino hotels) and motels industry, NAICS code 721110. The business was financed through an SBA 504 loan for real estate or equipment, with an SBA portion of $3,473,000 and a total project amount of $6,750,000, approved on October 8, 2024 by LGE Community CU through Capital Partners Certified Development Company.

SBA 504 loan, approved Oct 8, 2024

$3,473,000 SBA portionCDC: Capital Partners Certified Development Company25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,473,000
Bank portion
$6,750,000
Estimated project size
$11,358,889 (estimated)
Estimated owner equity
$1,135,889 (estimated, about 10% of the project)
Bank lender
LGE Community CU, Atlanta, GA
CDC
Capital Partners Certified Development Company
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 8, 2049 (estimated, approval date plus term)
First disbursement
Dec 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Cherokee County, GA
SBA district office
Georgia District Office
Congressional district
GA-11
Collateral
Yes

Estimated share of project by source

Bank 59% SBA (CDC) 31% Owner 10%

  • Larger than 69% 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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Same industry in Georgia