Main Street Registry

La Quinta Inn & Suites

Fresno, CA · Hotels (except Casino Hotels) and Motels · NAICS 721110

La Quinta Inn & Suites is a hotel business in Fresno, California, classified under hotels (except casino hotels) and motels. The company financed real estate or equipment through an SBA 504 loan of $2,046,000, approved on December 7, 2023, with Tri Counties Bank as the lender and Bay Area Employment Development Company as the certified development company.

SBA 504 loan, approved Dec 7, 2023

$2,046,000 SBA portionCDC: Bay Area Employment Development Company25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,046,000
Bank portion
$2,500,000
Estimated project size
$5,051,111 (estimated)
Estimated owner equity
$505,111 (estimated, about 10% of the project)
Bank lender
Tri Counties Bank, Chico, CA
CDC
Bay Area Employment Development Company
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
December 7, 2048 (estimated, approval date plus term)
First disbursement
Jun 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Fresno County, CA
SBA district office
Fresno District Office
Congressional district
CA-16
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 34% 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 California: $2,161,468.

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 California