Main Street Registry

Holiday Inn Mobile Airport

Mobile, AL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Holiday Inn Mobile Airport is a hotel and motel business in Mobile, Alabama, in the industry Hotels (except Casino Hotels) and Motels (NAICS 721110). The business is a Holiday Inn franchise and was financed with an SBA 504 loan approved on January 10, 2025, to finance real estate or equipment, with a SBA portion of $2,978,000 through Community Bank of Mississippi and Florida Business Development Corporation as the certified development company.

SBA 504 loan, approved Jan 10, 2025

$2,978,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,978,000
Bank portion
$4,850,000
Estimated project size
$8,697,778 (estimated)
Estimated owner equity
$869,778 (estimated, about 10% of the project)
Bank lender
Community Bank of Mississippi, Flowood, MS
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 10, 2050 (estimated, approval date plus term)
First disbursement
Apr 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn/Holiday Inn & Suites/Holiday Inn Resort
Project location
Mobile County, AL
SBA district office
Alabama District Office
Congressional district
AL-1
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 60% 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 Alabama: $2,182,891.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Alabama