Main Street Registry

Nws Holdings, LLC

Ephraim, WI · Hotels (except Casino Hotels) and Motels · NAICS 721110

NWS Holdings, LLC is a hotel and motel business located in Ephraim, Wisconsin, classified under NAICS code 721110 (Hotels, except casino hotels, and motels). The company financed real estate or equipment through an SBA 504 loan of $1,690,000, with Fortifi Bank as the lender and approval dated May 22, 2024. The loan was reported with 8 jobs and a change of ownership business classification.

SBA 504 loan, approved May 22, 2024

$1,690,000 SBA portionCDC: WBD, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,690,000
Bank portion
$2,359,000
Estimated project size
$4,498,889 (estimated)
Estimated owner equity
$449,889 (estimated, about 10% of the project)
Bank lender
Fortifi Bank, Berlin, WI
CDC
WBD, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 22, 2049 (estimated, approval date plus term)
First disbursement
Sep 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Door County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-8
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 25% 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