Main Street Registry

Kali Hospitality LLC

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

Kali Hospitality LLC is a hotel business in Morrisville, North Carolina, classified under the industry Hotels (except Casino Hotels) and Motels. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,893,000, approved on October 5, 2023, through East West Bank and the Business Expansion Funding Corporation.

SBA 504 loan, approved Oct 5, 2023

$1,893,000 SBA portionCDC: Business Expansion Funding Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,893,000
Bank portion
$1,850,000
Estimated project size
$4,158,889 (estimated)
Estimated owner equity
$415,889 (estimated, about 10% of the project)
Bank lender
East West Bank, Pasadena, CA
CDC
Business Expansion Funding Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
October 5, 2048 (estimated, approval date plus term)
First disbursement
Feb 14, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Harnett County, NC
SBA district office
North Carolina District Office
Congressional district
NC-7
Collateral
Yes

Estimated share of project by source

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

  • Larger than 30% 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