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Jai Mahadev Investments Series LLC

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

Jai Mahadev Investments Series LLC is a hotel business in Winterville, North Carolina, classified under the industry Hotels (except Casino Hotels) and Motels. The company financed real estate or equipment through an SBA 504 loan of $1,354,000, approved on July 6, 2026, through lender Happen Bank with Business Expansion Funding Corporation as the certified development company.

SBA 504 loan, approved Jul 6, 2026

$1,354,000 SBA portionCDC: Business Expansion Funding Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,354,000
Bank portion
$1,315,000
Estimated project size
$2,965,556 (estimated)
Estimated owner equity
$296,556 (estimated, about 10% of the project)
Bank lender
Happen Bank, Lehi, UT
CDC
Business Expansion Funding Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
July 6, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
8
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Country Inn and Suites by Radisson
Project location
Pitt County, NC
SBA district office
North Carolina District Office
Congressional district
NC-1
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 14% 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