La Serena Inn
La Serena Inn is located in Morro Bay, CA, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($2,458,000 SBA portion) on March 19, 2025 to finance real estate or equipment.
SBA 504 loan, approved Mar 19, 2025
- SBA (CDC) portion
- $2,458,000
- Bank portion
- $3,750,000
- Estimated project size
- $6,897,778 (estimated)
- Estimated owner equity
- $689,778 (estimated, about 10% of the project)
- Bank lender
- Bank of the Sierra, Porterville, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 19, 2050 (estimated, approval date plus term)
- First disbursement
- Jun 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Project location
- San Luis Obispo County, CA
- SBA district office
- Fresno District Office
- Congressional district
- CA-24
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Larger than 48% 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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