Main Street Registry

Hotel Ventures of Lake Norman, Inc.

Huntersville, NC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Hotel Ventures of Lake Norman, Inc. is a hotel and motel business in Huntersville, North Carolina, classified under NAICS code 721110 (Hotels, except Casino Hotels and Motels). The company financed real estate or equipment through an SBA 504 loan of $5.5 million, approved on March 26, 2025, with The Park National Bank as the partner lender and Business Expansion Funding Corporation as the certified development company.

SBA 504 loan, approved Mar 26, 2025

$5,500,000 SBA portionCDC: Business Expansion Funding Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$5,500,000
Bank portion
$10,115,000
Estimated project size
$17,350,000 (estimated)
Estimated owner equity
$1,735,000 (estimated, about 10% of the project)
Bank lender
The Park National Bank, Newark, OH
CDC
Business Expansion Funding Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
March 26, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
26
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Mecklenburg County, NC
SBA district office
North Carolina District Office
Congressional district
NC-8
Collateral
Yes

Estimated share of project by source

Bank 58% SBA (CDC) 32% Owner 10%

  • Larger than 98% 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 North Carolina: $2,167,577.

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 North Carolina