Main Street Registry

Howard Johnson by Wyndham Clearwater

Clearwater, FL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Howard Johnson by Wyndham Clearwater is a hotel and motel business in Clearwater, Florida, classified under NAICS 721110 for hotels (except casino hotels) and motels. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,405,000, approved April 1, 2025, with Celtic Bank Corporation as the lender and Florida First Capital Finance Corporation, Inc. as the certified development company.

SBA 504 loan, approved Apr 1, 2025

$2,405,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,405,000
Bank portion
$3,358,500
Estimated project size
$6,403,889 (estimated)
Estimated owner equity
$640,389 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 1, 2050 (estimated, approval date plus term)
First disbursement
Jul 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Pinellas County, FL
SBA district office
South Florida District Office
Congressional district
FL-12
Collateral
Yes

Estimated share of project by source

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

  • Larger than 46% 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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Same industry in Florida