The Inn Downtown
The Inn Downtown is a hotel located in Portsmouth, New Hampshire, in the Hotels (except Casino Hotels) and Motels industry. The business financed real estate or equipment through an SBA 504 loan of $1,917,000 approved on June 30, 2025, with Partners Bank of New England as the lender and Bay Colony Development Corporation as the certified development company.
SBA 504 loan, approved Jun 30, 2025
$1,917,000 SBA portionCDC: Bay Colony Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,917,000
- Bank portion
- $2,595,000
- Estimated project size
- $5,013,333 (estimated)
- Estimated owner equity
- $501,333 (estimated, about 10% of the project)
- Bank lender
- Partners Bank of New England, Sanford, ME
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 30, 2050 (estimated, approval date plus term)
- First disbursement
- Oct 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Project location
- Rockingham County, NH
- SBA district office
- New Hampshire District Office
- Congressional district
- NH-1
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 31% 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 New Hampshire: $1,898,259.
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 New Hampshire
- Scenic Inn, Conway
- J Tai LLC, Lebanon
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- New England Hospitality, LLC, Dover
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