Joshua R. Metzler and Shannandoah Kaurin
Joshua R. Metzler and Shannandoah Kaurin operate a bed-and-breakfast inn in Makawao, Hawaii, under NAICS code 721191. The business was financed through an SBA 504 loan, which financed real estate or equipment, with an SBA portion of $1,131,000 approved on March 14, 2025, through Newtek Bank, National Association, with The Mortgage Capital Development Corporation serving as the certified development company.
SBA 504 loan, approved Mar 14, 2025
$1,131,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,131,000
- Bank portion
- $1,574,500
- Estimated project size
- $3,006,111 (estimated)
- Estimated owner equity
- $300,611 (estimated, about 10% of the project)
- Bank lender
- Newtek Bank, National Association, Miami, FL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 14, 2050 (estimated, approval date plus term)
- First disbursement
- Jun 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Individual
- NAICS
- 721191, Bed-and-Breakfast Inns
- Project location
- Maui County, HI
- SBA district office
- Hawaii District Office
- Congressional district
- HI-2
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 18% of expansion loans in Bed-and-Breakfast Inns on this site.
- Average expansion loan in Bed-and-Breakfast Inns: $1,456,765.
- Average expansion loan in Hawaii: $1,992,350.
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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