Main Street Registry

Kalpana Inc

Evansville, IN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Kalpana Inc is located in Evansville, IN, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($1,295,000 SBA portion) on May 8, 2024 to finance real estate or equipment.

SBA 504 loan, approved May 8, 2024

SBA (CDC) portion
$1,295,000
Bank portion
$1,265,100
Estimated project size
$2,844,556 (estimated)
Estimated owner equity
$284,456 (estimated, about 10% of the project)
Bank lender
East West Bank, Pasadena, CA
CDC
Indiana Statewide Certified Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
May 8, 2049 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Vanderburgh County, IN
SBA district office
Indiana District Office
Congressional district
IN-8
Collateral
Yes

Estimated share of project by source

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

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 Indiana