Main Street Registry

Huiana Lake Group Inc

Slidell, LA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Huiana Lake Group Inc is a hotel and motel business in Slidell, Louisiana, classified under NAICS 721110 (Hotels, except Casino Hotels, and Motels). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,309,000, approved on March 21, 2024, through First Bank of the Lake with JEDCO Development Corporation as the certified development company.

SBA 504 loan, approved Mar 21, 2024

$2,309,000 SBA portionCDC: JEDCO Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,309,000
Bank portion
$2,289,000
Estimated project size
$5,108,889 (estimated)
Estimated owner equity
$510,889 (estimated, about 10% of the project)
Bank lender
First Bank of the Lake, Osage Beach, MO
CDC
JEDCO Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
March 21, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
1
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Saint Tammany County, LA
SBA district office
Louisiana District Office
Congressional district
LA-1
Collateral
Yes

Estimated share of project by source

Bank 45% SBA (CDC) 45% Owner 10%

  • Larger than 42% 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 Louisiana: $2,537,130.

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 Louisiana