Main Street Registry

Microtel Inn & Suites by Wyndham Fond Du Lac

Fond du Lac, WI · Hotels (except Casino Hotels) and Motels · NAICS 721110

Microtel Inn & Suites by Wyndham Fond Du Lac is a hotel and motel business in Fond du Lac, Wisconsin, classified under NAICS 721110 (Hotels, except Casino Hotels, and Motels). The business financed real estate or equipment through an SBA 504 loan of $1,353,000, approved on May 16, 2024 by Horicon Bank with WBD, Inc. as the certified development company.

SBA 504 loan, approved May 16, 2024

$1,353,000 SBA portionCDC: WBD, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,353,000
Bank portion
$1,687,500
Estimated project size
$3,378,333 (estimated)
Estimated owner equity
$337,833 (estimated, about 10% of the project)
Bank lender
Horicon Bank, Horicon, WI
CDC
WBD, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 16, 2049 (estimated, approval date plus term)
First disbursement
Dec 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Microtel Inn & Suites by Wyndham
Project location
Fond Du Lac County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-6
Collateral
Yes

Estimated share of project by source

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

  • Larger than 14% 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 Wisconsin: $2,095,135.

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 Wisconsin