Knights Inn
Knights Inn is located in Kissimmee, FL, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($1,357,000 SBA portion) on November 16, 2023 to finance real estate or equipment.
SBA 504 loan, approved Nov 16, 2023
- SBA (CDC) portion
- $1,357,000
- Bank portion
- $2,284,000
- Estimated project size
- $4,045,556 (estimated)
- Estimated owner equity
- $404,556 (estimated, about 10% of the project)
- Bank lender
- Harvest Commercial Capital, LLC, Laguna Hills, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 16, 2048 (estimated, approval date plus term)
- First disbursement
- Apr 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Franchise
- Knights Inn
- Project location
- Osceola County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-9
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Larger than 15% 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 Florida: $2,058,496.
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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