Main Street Registry

MainStay Suites

Casa Grande, AZ · Hotels (except Casino Hotels) and Motels · NAICS 721110

MainStay Suites is a hotel and motel business in Casa Grande, Arizona, classified under NAICS 721110 (Hotels, except casino hotels, and motels). The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,446,000, approved on March 6, 2024, through First-Citizens Bank & Trust Company and The Mortgage Capital Development Corporation.

SBA 504 loan, approved Mar 6, 2024

$1,446,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,446,000
Bank portion
$1,818,000
Estimated project size
$3,626,667 (estimated)
Estimated owner equity
$362,667 (estimated, about 10% of the project)
Bank lender
First-Citizens Bank & Trust Company, Raleigh, NC
CDC
The Mortgage Capital Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
March 6, 2049 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
MainStay Suites ES
Project location
Pinal County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-1
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 18% 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 Arizona: $2,074,452.

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 Arizona