Main Street Registry

Holiday Inn Express Hernando MS

Hernando, MS · Hotels (except Casino Hotels) and Motels · NAICS 721110

Holiday Inn Express Hernando MS is a hotel and motel business in Hernando, Mississippi, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). The business was financed with an SBA 504 loan that financed real estate or equipment through an SBA 504 loan, with an SBA portion of $4,943,000 approved on November 6, 2024 through Community Bank of Mississippi and Three Rivers Local Development Company, Inc.

SBA 504 loan, approved Nov 6, 2024

SBA (CDC) portion
$4,943,000
Bank portion
$6,919,000
Estimated project size
$13,180,000 (estimated)
Estimated owner equity
$1,318,000 (estimated, about 10% of the project)
Bank lender
Community Bank of Mississippi, Flowood, MS
CDC
Three Rivers Local Development Company, Inc.
Processing method
504 Basic: standard SBA processing through a CDC
Term
20 years (240 months)
Estimated maturity
November 6, 2044 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
21
Business type
LLC or partnership
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Desoto County, MS
SBA district office
Mississippi District Office
Congressional district
MS-1
Collateral
Yes

Estimated share of project by source

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

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 Mississippi