Main Street Registry

Microtel Inn & Suites Springville, Utah

Springville, UT · Hotels (except Casino Hotels) and Motels · NAICS 721110

Microtel Inn & Suites Springville, Utah is a hotel and motel business located in Springville, Utah, classified under NAICS code 721110 (Hotels, except Casino Hotels and Motels). The company is a Microtel Inn & Suites by Wyndham franchise and was approved for an SBA 504 loan on June 30, 2025, with an SBA portion of $2,251,000 provided through Mountain West Small Business Finance and a bank portion from Bank of Utah.

SBA 504 loan, approved Jun 30, 2025

$2,251,000 SBA portionCDC: Mountain West Small Business Finance25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,251,000
Bank portion
$2,636,500
Estimated project size
$5,430,556 (estimated)
Estimated owner equity
$543,056 (estimated, about 10% of the project)
Bank lender
Bank of Utah, Ogden, UT
CDC
Mountain West Small Business Finance
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
June 30, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
11
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Microtel Inn & Suites by Wyndham
Project location
Utah County, UT
SBA district office
Utah District Office
Congressional district
UT-3
Collateral
Yes

Estimated share of project by source

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

  • Larger than 40% 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 Utah: $2,117,884.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Utah