Main Street Registry

LA 350 Holiday LLC

Covington, LA · Hotels (except Casino Hotels) and Motels · NAICS 721110

LA 350 Holiday LLC is a hotel and motel business in Covington, Louisiana, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). The company financed real estate or equipment through an SBA 504 loan with a SBA portion of $2,903,000, approved on August 28, 2025, through lender Celtic Bank Corporation with JEDCO Development Corporation as the certified development company.

SBA 504 loan, approved Aug 28, 2025

$2,903,000 SBA portionCDC: JEDCO Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,903,000
Bank portion
$4,054,750
Estimated project size
$7,730,833 (estimated)
Estimated owner equity
$773,083 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
JEDCO Development Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
August 28, 2050 (estimated, approval date plus term)
First disbursement
Dec 17, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Saint Tammany County, LA
SBA district office
Louisiana District Office
Congressional district
LA-1
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 58% 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 Louisiana: $2,537,130.

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 Louisiana