Main Street Registry

Norfolk West Inn, LLC

Norfolk, NE · Hotels (except Casino Hotels) and Motels · NAICS 721110

Norfolk West Inn, LLC, located in Norfolk, Nebraska, operates in the hotels and motels industry (NAICS 721110). The company financed real estate or equipment through an SBA 504 loan of $5,000,000, approved on May 30, 2024, through BankFirst with the Nebraska Economic Development Corporation as the certified development company.

SBA 504 loan, approved May 30, 2024

$5,000,000 SBA portionCDC: Nebraska Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$5,000,000
Bank portion
$13,020,200
Estimated project size
$20,022,444 (estimated)
Estimated owner equity
$2,002,244 (estimated, about 10% of the project)
Bank lender
BankFirst, Norfolk, NE
CDC
Nebraska Economic Development Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
May 30, 2049 (estimated, approval date plus term)
First disbursement
Jul 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Madison County, NE
SBA district office
Nebraska District Office
Congressional district
NE-1
Collateral
Yes

Estimated share of project by source

Bank 65% SBA (CDC) 25% Owner 10%

  • Larger than 90% 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 Nebraska: $2,191,172.

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 Nebraska