Main Street Registry

Motel 6 Ontario

Ontario, OR · Hotels (except Casino Hotels) and Motels · NAICS 721110

Motel 6 Ontario is a hotel and motel business located in Ontario, Oregon, in the Hotels (except Casino Hotels) and Motels industry. The business financed real estate or equipment through an SBA 504 loan of $1,355,000, approved on July 24, 2024, with East West Bank as the lending bank and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Jul 24, 2024

$1,355,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,355,000
Bank portion
$1,317,500
Estimated project size
$2,969,444 (estimated)
Estimated owner equity
$296,944 (estimated, about 10% of the project)
Bank lender
East West Bank, Pasadena, CA
CDC
The Mortgage Capital Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
July 24, 2049 (estimated, approval date plus term)
First disbursement
Oct 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Malheur County, OR
SBA district office
Boise District Office
Congressional district
OR-2
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 15% 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 Oregon: $1,931,136.

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 Oregon