Holiday Inn Express West Palm Beach - Metrocentre
Holiday Inn Express West Palm Beach - Metrocentre, located in West Palm Beach, Florida, operates in the hotels and motels industry (NAICS 721110) and is a Holiday Inn Express franchise. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,559,000, approved on September 29, 2025, through lender Banesco USA and certified development company Florida Business Development Corporation.
SBA 504 loan, approved Sep 29, 2025
$2,559,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,559,000
- Bank portion
- $5,250,000
- Estimated project size
- $8,676,667 (estimated)
- Estimated owner equity
- $867,667 (estimated, about 10% of the project)
- Bank lender
- Banesco USA, Miami, FL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 29, 2050 (estimated, approval date plus term)
- First disbursement
- Apr 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Franchise
- Holiday Inn Express/Holiday Inn Express & Suites
- Project location
- Palm Beach County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-18
- Collateral
- Yes
Estimated share of project by source
Bank 61% SBA (CDC) 29% Owner 10%
- Larger than 50% 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 Florida: $2,058,496.
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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